Speed or Long-Term Flexibility?
MYTH VS. REALITY: The Fastest Home Equity Option Isn't Automatically the Best One
Need money quickly?
For qualified homeowners, a Digital or Expedited HELOC may provide a streamlined process designed to get you access to available equity faster.
But speed is only one part of the equation.
If you have more time, a 10-Year Draw HELOC may provide longer-term revolving access and potentially different rates and fees.
Know exactly how much money you need and want a stable, planned payment?
A Home Equity Loan (HELOAN) or Fixed Second Mortgage may deserve a look instead.
There isn't one home-equity product that's right for everybody.
Sometimes speed matters most.
Sometimes it's cost.
Sometimes it's payment stability.
Sometimes it's having access to funds for years to come.
Start with your goal β then compare the products.
Certain home-equity programs may also be available for qualifying second homes and investment/rental properties.
I'd be happy to help you compare the options.
Want more details? 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
Advertising Disclosure: Program availability, rates, fees, terms and eligibility vary and are subject to change without notice. Faster processing or closing is not guaranteed and depends on borrower qualifications, documentation, property eligibility and program requirements. Second-home and investment-property eligibility varies by program. All loans are subject to underwriting and applicable guidelines. Information is for educational and advertising purposes only.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.