What is a home equity loan?
A home equity loan is a type of loan where you are allowed to borrow a fixed amount, secured by the equity in your home. Generally, home equity loans have a fixed interest rate, fixed term and fixed monthly payment.
What documentation do I need to provide?
The documentation required for each loan differs depending on the loan program. So kindly get in touch with our agent to discuss your best mortgage option.
How do I figure out how much I can borrow?
Your borrowing ability is determined by the equity you have in your home. We will help you determine how much you can borrow at the best interest rate.
How do I qualify for a home equity loan?
To qualify for a home equity loan, we will determine the value of the property and the balance of any existing liens and mortgage. In some circumstances, you might have to provide additional supporting documents to verify your income and credit history.
I have a bad credit score. Can I get a loan?
We will consider other factors such as the strength of the property, amount of equity available, and most importantly your financial needs.
What is the rate of interest for a home equity loan?
Home equity loan interest rate varies depending on the condition and location of the property, amount of equity available, and the strength of the borrower. Get in touch with us to know more.
How long does it take to get a loan?
We make sure to complete the entire process within 5 to 8 business days. We strive to match our client’s pace.
How does debt consolidation work?
When you obtain a debt consolidation loan, you receive a lump sum amount to pay off your existing debts. Then, instead of managing multiple payments, you can focus on making the one new loan payment.