Apply Online          

to TMC Lending!
 Your source for consumer information  



FHA Loan


Interest Only Mortgage

Commercial Loans

Real Estate Investor


Loan Modification


A HELOC or home equity line of credit has an interest rate tied to the Prime Rate and allows you to take equity out of a property. Of course, you incur interest costs only on the equity taken out with your HELOC. A HELOC can be a good choice if your needs are expected to be episodic.  An interest only HELOC will lower your payment. For difficult to verify income, a stated income HELOC is available.  A HELOC with no closing costs is available as well. A home equity line of credit will usually close quickly. Email me with questions on a HELOC

An advantage of the HELOC is that your interest costs are generally tax deductible. A comparison between the after tax costs of the HELOC and any consumer loan should be done before any major purchase.

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

Common uses of a HELOC

  • Debt Consolidation HELOC. 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 this 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 use this 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 a HELOC

Read more about HELOC 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 unique programs which accommodate borrowers with non traditional income or asset situations. 

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

The new Asset Manager is a creative program which gives you complete control over your mortgage as well.

Learn more about Loan Modification. If you can not refinance, it may be the best way to save your home today.

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.

HELOCPrequalify for your HELOC

   Home Equity    Interest Only Mortgage  Investor Loans  Jumbo  Mortgage Links   Reverse Mortgage  No Down Payment Loan   Refinance Center   Site Map  Vacation Home Loans   Commercial Loans  Loan Modification Home




NEVER an Origination Fee!

Extensive consumer information on construction,remodeling, first time homebuyer,and no documentation mortgages.