| Special
Situations: |
Some of the special
situations we help with include
- Estate settlements
- Divorce settlements
- Foreclosure avoidance (requires
equity of 30%)
- Paying state and federal tax liens
- Paying judgments
- Refinancing balloon payments
- Refinancing construction loans &
bridge loans
- Refinancing Leases with the option to
purchase
- Refinancing contracts for deed and
land contracts
- Paying off collection accounts
- Paying off bankruptcies (chapter 13
plans require trustee approval and a good pay history)
- Paying off consumer credit counseling
service repayment plans
|
| Click
to apply |
Download
an application to fax to us |
| Should You
Take Advantage of an Equity Loan? |
|
| An Equity
Loan can allow you to take advantage of these benefits |
|
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Lower interest rates resulting
in lower monthly payments
-
Consolidate
high
interest rate, 2nd liens, home improvement and/or swimming pool loans or credit card
balances into
one lower interest rate mortgage and better terms and tax deductible
interest costs
-
Make Home Improvements and make your
home a better place to live.
-
Get Cash Out to spend as you
wish. Use it for vacations, tuition, starting a business.
-
Current appraised value - not
purchase price is used to calculate LTV ratios. (if you have owned the property
for over 6 months) You may be able to get more cash out or get a lower
rate.
-
You may qualify for a 125% equity loan or
title 1 home improvement loan.
|
| Click
to apply |
Download
an application to fax to us |
|
| Cash-Out
Re-Finance: |
| Homestead law's have changed and now allow homeowners
to
take advantage of their home equity by refinancing your existing home to put their
cash equity to use.
You can take this equity and spend it on whatever you
choose: children's education; paying off debts; your dream vacation;
a new boat or a new car. Most states
now allow loans up to 125% of your homes appraised value. 125 loans have
tighter underwriting guidelines and require better credit ratings than loans up to 100% of property value.
|
| Click
to apply |
Download
an application to fax to us |
|
|
|
There may be substantial
income tax advantages. The
interest paid on loans secured by real property is deductible, as long as the
loan balance or combination of loan balances does not exceed the value of the
property. Please get professional tax advice.
Equity-loans & Refinancing with cash out may seem like
found money, remember that it will have to be repaid like any other loan.
Your property is being used as collateral and is at risk if you fail to make
your loan repayment.
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