Home Equity Lines of Credit (HELOCs) are now available at Garden State Home Loans.
The Garden State Home Loans team is excited to announce that Home Equity Lines of Credit (HELOCs) and Home Equity Loans have been added to our wide array of product offerings. This comes at a time when average home values are at an all-time high, increasing the demand to access equity. For many, this opens a window of opportunity to tap into your home’s equity without affecting the rate on your first mortgage.
Below are some details on our new HELOC product:
- Minimum line amount of $50,000
- Maximum line amount of $500,000
- Maximum CLTV of 97.5%*
- Available on primary and secondary homes
- Qualification process similar to, if not easier, than that of a first mortgage
This is the chance you’ve been waiting for to access cash to finally start paying off consumer debt, begin some long-awaited renovations around the house, or kick off your summer with the ultimate vacation. For more information, or to get started on the HELOC process, contact our team today at firstname.lastname@example.org.
*CLTV, or combined loan-to-value ratio, is the ratio of the sum of all outstanding loans secured on a property divided by the property’s value.