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April 3rd, 2007Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!
Home Equity Loans are also know as HELOC. They are good for emergency money and are very inexpensive to maintain.
Some lenders offer No Cost Home Equity Loans, where the lender picks up the tab for the closing costs of the loan. This includes title fees, underwriting fees, processing fees, and other normal loan fees. Many times with this type of loan, the appraisal has already been done on a 1st mortgage closing simultaneously, so the appraisal fee is also not needed. Other times, the property triggers a property inspection waiver, which means the lender doesn't require an appraisal.
When you purchased your home did you use combo financing? If so then you may already have a home equity loan as the smaller second mortgage. Combo financing is commonly used to avoid paying non-tax deductible Private Mortgage Insurance, or PMI.
Feeling Like a Square Peg in a Round Hole? Super Jumbo mortgage lending is a highly specialized field, requiring a level of expertise gained only through the experience of handling a large number of multi-million dollar transactions. If you're tired of lenders trying to "fit" your unique financial needs into their conventional lending comfort zone, consider becoming a Private Client of R1.
Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!
Feeling Like a Square Peg in a Round Hole? Super Jumbo mortgage lending is a highly specialized field, requiring a level of expertise gained only through the experience of handling a large number of multi-million dollar transactions. If you're tired of lenders trying to "fit" your unique financial needs into their conventional lending comfort zone, consider becoming a Private Client of R1.