In today’s difficult economic times, many homeowners turn to a Home Equity Line of Credit (HELOC) to help them with their finances. HELOC offers borrowers low-Interest rate, no fee for usage, payback freedom and most of all, a convenient and flexible way to borrow money. Although this is a second charge on the real property behind the first mortgage. we offer clients the option to pay back and reuse as often as needed with lower interest rates and blended payments. At Mortgage Partners, we know just how important this credit line can be, which is why we lend based only on equity. This is not the only way we differ from many financial institutions.
We approve our clients request for much higher Loan-to-Value (LTV) amounts. This means, you are able to borrow what you require.
Our Home Equity Line of Credit allows you to borrow up to 85% LTV, while your financial institution only allows up to borrow a maximum of 65%. This is the highest amount that one can be approved for by institutional lenders.
We make it easy for every client we partner with. In fact, many of our clients come to us after their financial institution declines their request, or approves them for a lower amount which is insufficient for the purpose.
We are able to ensure that you get the HELOC credit limit which is required, with ease. During this entire process we continue to keep your information safe, private and secure.