Home Equity Loan
Home equity loans are a great resource for consumers looking to use the “dead equity” in their homes for other purposes such as investing in more real estate, taking a dream vacation, or just buying a vehicle. Consumers can borrow up to 80% of the value of their homes which includes any existing debt.
Property Types:
Residential
Markets:
Texas
Loan Amounts:
$100K+
Term
Up to 30 years
Amortization:
Up to 30 years
Rate:
Market rates
Fees:
TBD
LTV:
Up to 80%
LTC:
N/A
Qualifying:
Primary residences only
Recourse:
Yes
Prepay penalty:
No
CLTV:
80%
Escrows:
Not required
Credit Score:
680 Minimum
