HELOAN
A HELOAN, also known as a home equity loan, is a type of loan that allows homeowners to borrow money using the equity they have built up in their homes as collateral. This means that the loan is secured by the value of the home.
HELOANs are often used for major expenses, such as home renovations, debt consolidation, or education costs. They typically have fixed interest rates and are repaid over a set period of time, usually ranging from five to 30 years. The amount that can be borrowed through a HELOAN is determined by the value of the home and the amount of equity the homeowner has.
- 90% CLTV
- 600 required min credit score
- 50k-500k loan amounts
- Can be first mortgage or second lien
- Primary, second homes and investment properties
A HELOAN from NonQMFunding.com offers homeowners a flexible and convenient way to tap into the equity of their homes, providing them with the financial resources they need to achieve their goals and dreams. Contact our office or fill out a Fast Quote lead form and one of our experienced loan officers will reach out and discuss possible financing options.
