Home Equity Loans
Millions of homeowners have funded home improvement jobs with a home equity loan. Our smart home equity lenders specialize in providing low rate home equity loans up to $400,000. You will benefit from qualifying quotes from 3-4 competing equity loan specialists from across the country. All our home equity loan specialists are dedicated to finding the right 2nd mortgage with the best home equity rates, terms and reduced costs to meet your borrowing needs. When you want to go to one site and shop for the best home equity loan online, call the experts from Smart Home Mortgage Loans or complete their free equity loan form on the website.
A Home Equity Loan is especially useful in paying off existing higher interest debts, paying for home renovations, or getting cash out for other expenses. Take advantage of fixed Home Equity Loan rates and tax benefits. Home Equity Loans are possible regardless of how much acquired equity you can show. Remember however that in most cases, the more equity you can exhibit the better chance you have of garnering a low interest rates from one of our home loan companies.
Since the subprime crisis, most guidelines have changed significantly. Since 100 and 125% loan products have been changing so frequently. We suggest going straight to our recommended no equity vendor, so you can get the latest underwriting requirements and details for a 125% home loan from the Nationwide Mortgage Company. Unfortunately Homecomings and Capital One no longer offer the 100 or 125% product line which has been so popular with consumers for refinancing credit cards.
Our home equity lenders specialize in financing home equity loans with competitive rates for fixed and adjustable rate mortgage programs.
Let the loan officers help you determine the amount you are approved to borrow. Select the right 2nd mortgage with documentation options and interest rate options.
Many Home Owners Are Still Upbeat About Home Values
According to the Pew Research Center, despite recent slumps in the housing market, most U.S. homeowners are optimistic about the value of their properties, according to a nationwide poll.
About 55% expect the value of their homes to raise a bit, while 26% expect those values to go up a lot.
75% of homeowners say the recent increase in the value of their house has had little or no effect on their personal finances. About % of home owners say their homes account for all or most of their personal financial worth, while another 34% say it represents half of their worth. The survey also found 75%of all home owners say they are currently paying a mortgage, with 20% carrying either a second mortgage or a home equity loan. That percentage rises to 28% among younger home owners ages 30 to 49. The survey found 24% of all home owners have a second home or an investment property they own.
Home Equity Advantages
Need some cash? Use your home's equity now to take advantage of historically low interest rates! Get a line of credit secured by the equity in your home. It is an excellent plan when you simply want the money to be there in case you need it. Since this is a revolving line of credit, as you pay back what you borrow, the money is yours to use over and over again. Home Equity rates are determined by credit scores and combined Loan-to-Value ratios.
*You can benefit from the home equity tax advantages that are realized in most cases up to 100%
Explore the flexibilty with home equity lines of credit, or lock into the stability with fixed home equity loans.
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