If you need to borrow money to pay off debts or make a purchase, a home equity line of credit (HELOC) can be extremely useful. A HELOC is a revolving credit line secured by the equity in your home. This is an open ended loan that can be paid down or charged up for the term of the loan, very similar to a credit card. The interest rate is typically "variable", although National
Wholesale Mortgage, Inc. does offer some fixed rate options as well.
With a HELOC, we will approve you for a specific amount of credit - the maximum amount you may borrow at any one time under the plan. In determining your credit limit, your income, debts, credit score and other financial obligations will be reviewed. An appraisal will likely be required to determine your home's market value, but only about half of the time. (This generally depends on just how much equity you intend on taking out.) Your credit limit will be based on a percentage of your home's appraised value.
With most lenders, HELOC loans have many of the same expenses as were associated with your original mortgage, such as an application fee, title search, appraisal, attorneys' fees, and points (a percentage of the amount you borrow).
However, Arizona Wholesale Mortgage, Inc. offers no cost Home Equity Loans (HELOCS) at very competitive rates!
If you are interested in an National Wholesale Mortgage Home Equity Loan, please call us at (877)551-8188 and press "1" to bypass the voicemail system and get a home equity line of credit expert on the phone immediately.
We can approve your line of credit over the phone in as little as fifteen minutes!
National Wholesale Mortgage, Inc. is an Equal Housing Lender.
However, Arizona Wholesale Mortgage, Inc. offers no cost Home Equity Loans (HELOCS) at very competitive rates!
National Wholesale Mortgage, Inc. is an Equal Housing Lender.
