One Home. Several Ways to Access Your Equity.
NEED ACCESS TO YOUR HOME EQUITY BUT DON'T WANT TO REFINANCE YOUR FIRST MORTGAGE?
If you're one of the many homeowners with a low-rate first mortgage, the thought of refinancing it at today's rates probably isn't very appealing.
But refinancing your first mortgage isn't necessarily your only option!
There are several ways to access home equity, and they don't all work the same way.
Traditional HELOC: A revolving line of credit that allows you to borrow funds as needed during the draw period, subject to available credit and lender requirements.
Fixed Home Equity Loan: Receive a lump sum with predictable principal and interest payments.
Home Equity Investment (HEI): Receive funds without required monthly payments in exchange for a contractual share of your home's future value or appreciation, with a future settlement obligation.
Each option has different qualification requirements, costs, benefits, and potential drawbacks.
And here's the good news: You don't have to figure all of this out on your own!
Want to know which home equity option might work best for your situation?
I'll help you compare the available programs, review the costs, and determine whether accessing equity makes sense for your financial goals.
No need to guess. Let's look at the numbers.
For more information Click Here
Rob Clark | Home Loan Consultant
Firestone Financial Group
209-227-7745 | 559-476-9279
rbrtclark53@gmail.com
www.RobertClarkLoans.com
All programs subject to qualification and availability. HELOC rates and payments may change. Home equity loans are secured by your property. HEIs involve future settlement obligations that may be substantial. NMLS #357788 | Company NMLS #301522 | CA DRE #01148307 | Equal Housing Lender.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.