Home Equity

The part of a home's value that the mortgage borrower owns outright; the difference between the fair market value of the home and the principal balances of all mortgage loans.

Home Equity Lines of Credit

A home equity line of credit is an open-ended loan, paid as revolving debt, that is backed by the portion of the home's value that the borrower owns outright. Interest paid on a home equity line of credit is usually deductible.

Home Equity Conversion Mortgage

A special type of mortgage, sometimes called a reverse mortgage, that enables older homeowners to convert the equity in their homes into cash, using a variety of payment options to address their specific financial needs. Unlike traditional home equity loans or mortgages, a borrower does not qualify on the basis of income but on the value of the home. In addition, the loan does not have to be repaid until the borrower no longer occupies the property.

ApplyNowFree has access to some of the best second mortgage and equity lines in the country. We have some fantastic no cost equity lines that are as low as 1/4 percent below prime for the life of the loan. Fill out our quick no obligation inquiry form found below and will help you find the best possible program at the lowest rate possible.

• 100% LTV Programs

• No Closing Cost Lines

• Full & Stated Income Programs

• Interest Only Options

We have second mortgage programs up to 125% of homes value as well !