To maximize your investment opportunity, when possible your property is appraised as if the project has been built.
We have excellent relationships with the local banking lending community. We partner with certain banking institutions.
We can assist you in obtaining the following loan types:
Home Equity Loan
A home equity loan is a loan that uses your home as collateral. Your home equity is the part of your home that you actually own and this is the guarantee for your loan.
Your home equity is calculated by taking the current value of your home and subtracting your mortgage. For example, if your home is worth $150, 000 and you have a $100,000 mortgage, you have $50,000 of equity in your home. A home equity loan allows you to borrow money using your equity of $50,000 as security for the loan.
A home equity loan, often called a second mortgage, reduces your equity or ownership in your home. Since your home guarantees your loan, if you default on the payments, you can lose your home.
Second Mortgage Loan
Second mortgage loans are fixed rate, simple interest, installment loans, recorded as a lien on the property title deed behind the existing first mortgage lien. Tax deductible second mortgages can provide a way to access the equity in your home, without refinancing the current first mortgage.
Refinancing with a Construction Loan
(A construction loan, if needed, can pay for a remodeling project.)
A loan, usually short term, which is made to finance the actual construction or renovation of a property. The funds are distributed as needed in accordance with a disbursement agreement, and the money is repaid on completion of the project, usually from the proceeds of a permanent mortgage.
Smart Pay™
A payment program offered by one of our trade partners that gives clients more value-a quick, easy, smart, and secure payment option for home improvement projects. The program offers an installment loan that features same-as-cash payment options. Loan amounts will vary with eligible home improvements and have repayment terms from 1 to 10 years.
In addition, we can provide interim financing.
We would be happy to discuss your financing options, just give us a call. |
