90% Loan to Value (LTV)Fixed Term 2nd Mortgage's& HELOC's are back!

Can We Help You with a HELOC/Fixed Term 2nd MORTGAGE Today?

"Few lenders in Alabama are offering HELOC or stand alone fixed term 2nd Mortgage Home Loans. Even fewer offer 90 percent Loan to Value Seconds or HELOC"S." 

The equity lending market suffered throughout the low rate 1st mortgage lending environment we enjoyed... until very recently. With rates rising it's clear our customers need alternative accessing their home equity. We hate to see our customers pay off these historic low rate 1st mortgages just to access their hard earned equity... for any purpose. With that in mind, we sought & secured new funding for many leading second mortgage programs. We can assist with bill consolidation, home improvement, education, medical expenses, or any worthwhile purpose... So take that Vacation you've been delaying. 

Use your Home Equity to Consolidate Bills with a HELOC or Fixed Term 2nd Mortgage

Leave that low rate 1st Mortgage alone! Use your home equity to consolidate consumer debt with a HELOC or fixed term 2nd Mortgage.  

Consolidating bills with a Home Equity Line of Credit (HELOC) or a second mortgage can be an effective strategy for managing your finances and achieving your goals. As a well-informed and experienced mortgage loan officer, I have great knowledge in this area and can provide valuable insights to help you make informed decisions.

First, let's explore the concept of consolidating bills with a HELOC or second mortgage. This process involves using the equity in your home to pay off high-interest debts such as credit card balances, personal loans, or medical bills. By leveraging your home's equity, you may be able to benefit from lower interest rates and potential tax advantages compared to other forms of debt.

One efficient strategy for consolidating bills with a HELOC or second mortgage is to carefully assess your current financial situation. Take stock of all your outstanding debts, including their respective interest rates and monthly payments. This will help you determine the total amount of debt you want to consolidate and the potential savings you could gain by using a HELOC or second mortgage.

Once you have a clear understanding of your debts, it's important to evaluate the available equity in your home. Your home's equity is the difference between its current market value and the outstanding balance on your mortgage. Let's assume your home is worth 400k and you owe only 200k, for simplistic example. You have 200,000 dollars in equity. Typically, lenders allow you to borrow up to a certain percentage of your home's equity, often around 85%. We offer up to 90 % LTV 2nd's. 90 % of 400,000 is 360k. Subtract your current 200,000 dollar 1st mortgage balance from this 360,000 dollars and you have 160k dollars available equity at 90% Loan to Value. With sound planning you can use your home equity as a transformative tool to enhance your families future.

After assessing your financial situation and available equity, you can consider applying for a HELOC or second mortgage. A HELOC functions as a revolving line of credit, allowing you to borrow against your home equity as needed, while a second mortgage provides a lump sum of funds. Both options have their own advantages and considerations, so it's essential to carefully weigh the pros and cons based on your specific needs.

When consolidating bills with a HELOC or second mortgage, it's crucial to use the funds responsibly. Avoid accumulating new debts or overspending, as this could lead to financial strain and jeopardize your home's equity. Instead, focus on paying off high-interest debts and creating a realistic plan to manage your finances effectively. We hope rates go back down to your current 1st mortgage rate... or better. Then combining the two for even larger savings becomes a reality.

In addition to consolidating bills, a HELOC or second mortgage can also be used for other financial goals, such as home improvements, education expenses, or emergency funds. By leveraging these financial tools strategically, you can make the most of your home equity while maintaining a disciplined approach to managing your debts and expenses.

As a seasoned mortgage lending professional, I understand that every individual's financial situation is unique. Therefore, I recommend reaching out to discuss your specific needs and goals. By seeking personalized guidance from a knowledgeable professional, you can gain valuable insights and make well-informed decisions tailored to your circumstances.

In conclusion, consolidating bills with a HELOC or second mortgage can be an efficient strategy for managing your finances and achieving your desired goals. By carefully assessing your financial situation, evaluating your home equity, and using the funds responsibly, you can make the most of these financial tools. Remember, it's essential to seek personalized guidance to ensure that your decisions align with your long-term financial well-being.

Begin Your HELOC/2ND Mortgage Process Today!

1

Answer a few questions

Tell us what you're looking for so we can match you with the perfect mortgage

2

Find your lending Program

We'll search for the best options for your specific situation

3

Lock in your rate

We will contact you shortly for more info or lock in your rate

HELOC'S

a great options when that 1st mortgage rate is really low

2nd MTG

Fixed Term 2nd's

Up to 90% LTV 

1-3 DAY

average loan approval period pending docs