HELOC
HELOC
A revolving second lien so you can draw equity as needed without replacing a low first-mortgage rate.
- · Keep the first mortgage
- · Draw as needed
- · Variable-rate structures common
HELOC & equity
Home equity lines and loans for liquidity without selling the property.
HELOC
Home equity loan
A closed-end second mortgage with a fixed amount and, typically, a fixed payment.
- · Lump sum
- · Often fixed rate
- · First mortgage stays in place
HELOC
Limited-doc HELOC
Home-equity lines that qualify with reduced income documentation when assets or credit support the line.
- · Reduced income docs
- · Second-lien structure
- · Not available on every property
Ready to structure a file that can actually close?
Tell us the purpose, the property, and how you document income. We will place the request with a program that fits — this is not a loan approval.