HELOCs & Second Mortgage Loans

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HELOC – Home Equity Line of Credit

A HELOC gives you a revolving line of credit, similar to a credit card, using your home’s equity as collateral.

Highlights:

💳 Flexible Access to Funds — Draw what you need, when you need it

🧾 Interest-Only Payments during the draw period (typically 10 years)

🔁 Revolving Line — Reuse available funds as you pay them down

🧠 Great for ongoing projects or unpredictable expenses

⚡ Fast approvals and interest rates often lower than credit cards

📉 Pay interest only on what you borrow

💼 Multiple qualification options: Full doc, stated income, and investor-friendly programs
 

Perfect for:
Home remodels, emergency reserves, or when you want flexibility without a full loan payout upfront.

A second mortgage is a lump-sum loan secured by your home’s equity — separate from your first mortgage.

Highlights:

🏁 Fixed Rates & Terms — 30-year fixed options available

💵 One-time disbursement of funds at closing

🔒 Predictable monthly payments (principal & interest)

🧾 Works well for debt consolidation or large, one-time expenses

💼 Multiple qualification options: Full doc, stated income, and investor-friendly programs
 

Perfect for:
Paying off high-interest debt, funding a new business, or any one-time investment where you want stability and predictability.