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Fixed Home Equity Loans                                                                                                                             

Fixed home equity loans have a fixed interest rate determined at application and allow you to take home equity out of a property. You incur interest costs only on the money taken out. Interest only Fixed Home Equity Loans will lower your payment. For difficult to verify income, stated income Fixed Home Equity Loans are available. Fixed Home Equity Loans with no closing costs are available as well. As always, please feel free to email me with any specific questions on fixed home equity loans

A major advantage of fixed home equity loans are that your interest costs are generally tax deductible. A comparison between the after tax costs of fixed home equity loans and any consumer loans should be done before any major purchase. Please give me a call if you need help with the calculation.

We can lend up to 100% of the value of your home but understand that the interest rate will be somewhat higher if your fixed home equity loans are over 90%(combined first trust and  fixed home equity loans) of the value of the property. Our fixed home equity loans allow up to a 50% Debt to Income ratio (DTI) with good credit. Please see the link below for more information on qualification ratios.

Common uses of Fixed Home Equity Loans

• Debt Consolidation Fixed Home Equity Loans. If your consumer debt is too much you may dramatically reduce your monthly payments. See the calculator below for an idea of how much you could save.

• Finance a Major Purchase. If a new car or boat is in your future, you may want to compare payments.

• Children's Education. Many people find a HELOC the most logical way to pay for their children's education. Exactly what I did when my son went to college and I saved a lot of money compared to any other option.

• Property Purchase. If you are considering either an investment in income producing real estate or a vacation home, it may make more sense to unlock the equity in your home rather than move the cash from other investments which are doing well for you. Please see my pages on Investor loans or Vacation Homes for more information.

I have included a page on how to calculate your mortgage ratios.

I have included a page on mortgage documentation requirements.

Learn about the differences between fixed home equity loans and lines

We offer you the ability to qualify and close into several fixed rate home equity loans which accommodate borrowers with non traditional income or asset situations. 

* I have included a section on the new Cash Flow ARMS. A LIBOR based product which gives you complete flexibility in managing your mortgage.

As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your consumer and mortgage debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.