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Loan Modification

Home Equity Loans                                                                                                                             

Home equity loans have a fixed interest rate and disburse at closing. Home equity loans allow you to take home equity out of a property. Interest only Home Equity Loans will lower your payment. For difficult to verify income, stated income Home Equity Loans are available. Home Equity Loans with no closing costs are available. Email me with any questions on home equity loans. I am a mortgage broker specializing in home equity loans.

An advantage of home equity loans is 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.

Our lenders lend up to 100% of the value of your home on home equity loans but understand that the interest rate will be somewhat higher if your home equity loans are over 90%(combined first trust and home equity loans) of the value of the property. Our lenders will allow up to a 50% Debt to Income ratio with good credit.

Common uses of Home Equity Loans

  • Debt Consolidation Home Equity Loans. If your consumer debt is too much you may dramatically reduce your monthly payments.

  • 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 home equity loans to be 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 your home equity rather than move the cash from other investments which are doing well for you. See my pages on Investment Property or Vacation Homes for more information.

Read more about Home Equity Loans Closing Costs

Learn more about the tax considerations of home equity loans

Learn about the differences between home equity loans and lines

Looking for a commercial equity loan?

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

I have included a page on common documentation requirements.

Wet offer you the ability to qualify and close into several home equity loans which are designed to 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.

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

I have also included a debt consolidation calculator which may be useful to you.

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.