Access Your Home's Equity - And Keep Your Low First Mortgage Rate
If Your Mortgage Rate is Below 4% - NEVER Refinance!!!!!
Rates are not going to get that low again for a long time.
But if you need to access the equity of your home, getting a HELOC or a 2nd mortgage might be a good option.
Here are just some of the ways you can use the money:
- Pay off high interest rate credit cards
- Home repairs
- Remodeling your home
- Extra money for retirement
- Unexpected medical bills
- College expenses
- OR anything you want
Contact us for a free quote to see if a HELOC or 2nd mortgage is a good fit for you.
Over 55 Years Old?
Access Equity with No Additional Monthly Mortgage Payments Required**
HomeSafe Second is a new fixed-rate reverse loan that allows you to tap into your home equity via a second mortgage. There is no additional monthly payment requirement and no change to the interest rate on your first mortgage.
HomeSafe Second is for people who need to:
- Consolidate high-interest credit card debt
- Cover rising costs at the pump and the grocery store
- Fund long-term care, medical expenses, or emergencies
- Pay for home improvements
How it works:
HomeSafe Second loans you a portion of your home equity via a second mortgage. There are no additional monthly mortgage payments required until you leave your home, stop paying property charges, or do not meet the terms of the loan. The balance of your loan will grow over time.
When you leave the home, you or your heirs will be responsible for paying back the loan, which can be settled with the sale of the house but will never amount to more than the home’s value. Keep in mind, you will be responsible for keeping your current first mortgage.
.*Average closing time is 30 days, I have one lender that can close in 5 days. Contact me for details.
* In-person appraisal at discretion of lender, but most owner occupied HELOCs are getting done with only a desk appraisal.
** The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, hazard insurance. The borrower must maintain the home. If the homeowner does not meet these loan obligations, then the loan will need to be repaid.
This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to income, credit, and property approval. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations apply. Equal Housing Lender.