100% Home Equity Line of Credit

If you are looking at credit card bills, college tuition fees, car payments, or existing loans apart from your mortgage, and you could use some help with it all, you may already own enough of your home to be able to raise a loan to pay off those other debts, and do it in a way that saves you money on your loan repayments.

When house prices rise and over the same period you have been paying off part of your mortgage then a gap will have opened up between what you could sell your house for right now and how much you owe your lender. This gap is called the “equity” in your property, and it is something you can use to raise another loan.  These days many lenders are prepared to advance you 100% of that equity amount.

Using home equity finance to raise money is a serious step because the loan is a second mortgage on your home, but it has two obvious and significant financial advantages. The first is that mortgage loans are almost always cheaper than other forms of borrowing, so by using mortgage finance to replace other kinds of loans you can immediately cut your repayments and those savings will continue over the years.  The second advantage is that the interest on your equity loan should be tax-deductible, so the real cost to you of your borrowing is even less. Those two advantages combined can make a real difference to your finances.

Full Spectrum Lending helps homeowners - even those with less-than-perfect credit – access their home’s equity to get cash, consolidate debts, and lower monthly expenses. We can also help applicants who are self-employed or have high consumer debt. In fact, we’re proud to say that 4 out of 5 Full Spectrum Lending applicants are approved for a loan! We offer competitively priced home loan programs, including fixed rate, adjustable rate, refinance and home equity loans.

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Let the best lenders battle for your business right now. At GuidetoLenders.com, you’ll get competitive loan quotes from up to four lenders, so you can take advantage of today’s interest rates while they’re still low. Refinance, improve your home, take a vacation or pay for your child’s college education. Consolidate all of your bills into one and cut your debt with a Debt Consolidation loan. No need to worry about your credit—all credit types are OK.

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Countrywide Home Loans helps homeowners - even those with less-than-perfect credit – access their home’s equity to get cash, consolidate debts, and lower monthly expenses. We can also help applicants who are self-employed or have high consumer debt. In fact, we’re proud to say that 4 out of 5 Countrywide Home Loans applicants are approved for a loan! We offer competitively priced home loan programs, including fixed rate, adjustable rate, refinance and home equity loans.

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