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Fixed Rate Home Equity Loans                                                                                                                             

Fixed rate 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 Rate Home Equity Loans will lower your payment. For difficult to verify income, stated income Fixed Rate Home Equity Loans are available. Fixed Rate 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 rate home equity loans

A major advantage of fixed rate home equity loans are that your interest costs are generally tax deductible. A comparison between the after tax costs of 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 rate home equity loan is over 90%(combined first trust and home equity loan) of the value of the property. We will 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 Rate Home Equity Loans

  • Debt Consolidation Fixed Rate Home Equity Loans. If your other 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 Investment Property or Vacation Homes for more information.

Learn more about the tax considerations of home equity loans

Read more about Fixed Rate Home Equity Loans Closing Costs

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

I have included a page on documentation requirements.

Learn about the differences between 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.

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Fixed Rate Home Equity LoansPrequalify for your Fixed Rate Home Equity Loans

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