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If you have
been considering adding on that extra bedroom, landscaping,
remodeling your kitchen or bathrooms, or even getting a brand new
pool, your timing couldn’t be better! With rising home values and
interest rates so low, you can maximize the dollars invested in your
home.
Home improvement loans are usually 2nd mortgages.
However, depending on the type of 1st mortgage that you
currently have, and your equity position, it may make sense to pull
cash out on a new 1st mortgage. Consult one of our loan
officers to see which is best for you.
There is a wide variety of 2nd mortgages available to
you depending on your loan to value, credit rating, and income to
debt ratio.
Here are just a few:
- No equity 2nd mortgage up to 125% Loan to Value.
- 100% Loan to Value EZ-Qualifier 2nd mortgage.
- 90% Loan to Value EZ-Qualifier 2nd mortgage for
rental property.
- Home equity line of credit to 100% Loan to Value.
- Full income qualifier 2nd mortgages at every loan
to value up to 125% at the market’s most competitive rates.
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