Home Equity Basics
Get Ahead Using Your Home's Equity
Why Smart Consumers like you are Borrowing against their Home's Equity
  • Consolidate Debt
  • Home Improvements
  • Purchase Automobiles
  • Pay for Education Costs
  • Pay for Major Purchases
  • Pay Off Existing Credit Line
  • Buy Vacation or Investment Property
  • Have Immediate access to CASH for any reason
The interest is usually tax-deductible* and it can even lower your monthly debt payments. Borrow as much as 90% of your available equity, up to $250,000. For home equity lines of credit over $250,000, contact us.
Home Equity Line of Credit vs Home Equity Loan?
Both a home equity line of credit and a home equity loan are secured by the equity in your home. A home equity line of credit works like any other revolving line of credit, and is very similar to a credit card. It's flexible which allows a homeowner to write checks or make credit card purchases and withdrawals against the equity in your home on an ongoing basis. And unlike a home equity loan, with a line of credit you pay interest only when you use your funds.
Why Borrowers Use Us
  • They answer just a few questions and apply — it's that easy.
  • No teaser rate. No appraisal. No annual fees.
  • Borrow up to 90% of the equity on an owner occupied residential property up to $250,000.
  • Interest only payments for the first five years.
  • Sign loan documents in the comfort of your home 24 / 7.
  • Home equity interest, unlike credit card and auto loan interest, is tax-deductible*.
Home Equity Loan Requirements
  • There cannot be more than two (2) owners of the property that will be used to secure the line of credit.
  • The borrower must be an individual and cannot be a trust, partnership, or corporation.
  • The property being used to secure the line of credit must be a primary residence or true vacation/second home.
  • The property used to secure the line must be a one-to-two unit property.
  • The property used to secure the line must be permanently attached to real property. Mobile homes do not constitute collateral property.
  • The borrower must be a US citizen or permanent resident alien.
  • The home equity line must be in second lien position at closing. Any existing liens on the property used to secure the home equity line, other than the first mortgage, must be paid prior to or with the proceeds from the new home equity line of credit.
  • Borrowers must be willing to receive electronic monthly statements only.
Apply Now for On-Line Approval
*Consult your tax advisor.

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