HELOAN's and HELOC's

Chevy5150

Chevy5150

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Hey Guys,

I just wanted to share that I have been getting a ton of calls from previous clients that want to get some equity out of their homes. Since they all have 3% and lower mortgage rates I have been selling a lot of HELOAN's (Home Equity Fixed Loans). HELOAN's are very easy to obtain with no appraisal in most cases. Rates vary depending on value and FICO score but rates are as low as 7%. HELOAN's terms can be 10yrs, 15yrs, 20yrs, and 30yrs fixed.

HELOC's (Home Equity Lines of Credit) are a variable rate second with rates ranging from 8.25%-12% of course depending on value and FICO score.

If anyone is looking to tap into some of their equity without touching their 3% fixed 1st mortgage loan let me know. I am here to help.
 
Rates as low as 7... I imagine that's with a 850 score and a rich history. What's the average rate for 780-800...
 
Chevy5150 said:
7% with good value. PM me a I can always price a scenario out.
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Not for me. The in-laws were talking about this over the weekend though. I'll shoot them over your number.
Edit- thought I still had your number on my phone but I don't see it. Can you post it?
 
Andrew's done a couple of mortgages for me. Always up front and good on his word, which is sadly rare in mortgages these days.
 
Do they re-assess your homes value (California) and your property taxes go up?
 
This is a much better way to take equity out that refi the entire house. When I bought my 2nd house, I had to landscape my backyard, this was the only way to come up with the cash to do so in a fast way.
 
Just a home equity loan. Rates are just really good right now when borrowers have 1st mortgages in the 2-3% range.
 
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