Have Access Before You Need It
What If You Needed $30,000 Next Friday?
Hopefully, you won't.
But a major home repair, medical expense, job change or unexpected family need doesn't always give you months to prepare.
That's one reason it may make sense to explore your home equity options before you urgently need the money.
A HELOC can provide revolving access to your home's equity while allowing you to keep your existing first mortgage in place.
One program I offer includes a 10-year draw period. You can access funds from the available line as needed, and payments during the draw period are generally interest-only on the amount borrowed, subject to program terms.
And here's the part many homeowners overlook:
Having an available HELOC doesn't mean you have to spend it.
For some homeowners, knowing another source of funds is available can simply be part of their financial backup plan.
The best time to understand your options may be while you still have plenty of them.
For more information Click Here
Robert βRobβ Clark
Home Loan Consultant
Firestone Financial Group
209-227-7745
559-476-9279
rbrtclark53@gmail.com
robertclarkloans.com
NMLS #357788 | Firestone Financial Group NMLS #301522
CA DRE #01148307 | Equal Housing Lender
Loan programs, terms, rates, eligibility requirements and availability are subject to change without notice. Not all applicants will qualify. HELOCs may have variable rates, fees, minimum draw requirements and other program-specific terms. Your home serves as collateral.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.