Home Equity: Myth vs. Realty

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MYTH VS. REALITY: A HELOC Isn't Your Only Option

MYTH: If you want to access your home equity, you need a HELOC.

REALITY: Today's homeowners may have several very different ways to access their equity.

Depending on your qualifications, property and goals, options may include:

• 10-Year Draw HELOCs
• Digital / Expedited HELOCs
• Home Equity Loans (HELOANs)
• Fixed Second Mortgages
• Alternative-Documentation HELOCs and HELOANs
• Shared Equity Agreements (SEA / HEA / HEI)
• Reverse Second Mortgages for eligible homeowners

And certain programs may also be available for second homes and investment/rental properties.

The question isn't simply:

“How do I access my equity?”

A better question may be:

“Which way of accessing my equity makes the most sense for what I'm trying to accomplish?”

That's where comparing your options can make a difference.

For more information Click Here

Robert “Rob” 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

Advertising Disclosure: Program availability, rates, fees, terms, credit requirements, property requirements and eligibility are subject to change without notice. Not all programs are available for all borrowers, properties or occupancy types. Second-home and investment-property eligibility varies by program. All loan products are subject to underwriting and applicable program guidelines. Shared equity agreements are not traditional loans and may involve sharing future property appreciation or value. Reverse mortgage products have separate eligibility requirements. This information is for educational and advertising purposes only and is not financial, tax or legal advice.