If you have built up equity in your home, a second mortgage lets you access that equity without refinancing your existing first mortgage. Rob offers both home equity lines of credit (HELOCs) and home equity loans (HELOANs) with highly competitive terms through his wholesale lender network.
A HELOC is a revolving line of credit, similar to a credit card. You draw from it as needed and only pay interest on what you use. A HELOAN is a one-time lump sum with a fixed rate and fixed monthly payment. Both are secured by your home equity and both can be a smart way to put your equity to work.
Home equity financing is commonly used for home improvements, debt consolidation, paying off high-interest credit cards, college tuition, funding a business, or buying a second home or investment property. It can also be used to bridge the gap when buying a new home before you sell your current one.
Before tapping your equity, it is worth comparing a second mortgage against a cash-out refinance. If your current first mortgage has a low rate, a second mortgage lets you access equity without touching that rate. Rob can run both scenarios and show you which option makes more financial sense for your situation.
Call Rob at 714-400-2317 or click here to apply online.
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