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Home Equity Loans & HELOCs

Access Up To 95% Equity w/o Refinancing Your First Mortgage

Highlights:

  • When facing a major expense, some homeowners who do not want to alter the low rate on their first mortgage may use a home equity loan (HELOAN or Second Mortgage) or a home equity line of credit (HELOC) to borrow money against the equity in their home without refinancing their primary mortgage.
  • A home equity loan allows you to borrow a lump sum of money against your home's existing equity, generally with a fixed rate and repayment term just like your first mortgage.
  • A HELOC also leverages a home's equity but allows homeowners to apply for an open line of credit. You then can borrow an amount on an as-needed basis, generally with a variable interest rate on an interest only period from 3-10 years.
  • While most lenders cap these prducts at 80% combined-to-value, My Mortgage Lawyer partners with lenders that allow you to access up to 95% of your home's equity.
  • Most HELOCs and HELOANs require a 680 score or higher. My Mortgage Lawyer offers home equity products starting at 620 scores.

 

What cash-out option is best for me?

 

 

A HELOC and a home equity loan are both great options to access your home equity as cash. Once you answer a few quick questions, we’ll help you choose the right option, with side-by-side comparisons and advice from a dedicated loan consultant.

 

heloc home equity loan, commercial lending, dscr, non-qm, prime low fico itin, va loan, conventional loans, Jumbo loans

Cameron Oxberry, Esq., LL.M.

Founder

NMLS: 19744858

CA DRE: 02116240

CA Bar: 338819

 

Office/Text: 858-779-0151

Fax: 949-771-2561

heloc home equity loan, commercial lending, dscr, non-qm, prime low fico itin, va loan, conventional loans, Jumbo loans
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heloc home equity loan, commercial lending, dscr, non-qm, prime low fico itin, va loan, conventional loans, Jumbo loans

NMLS: 1566096

CA DRE: 02022356

Address: 24 Executive Park, Ste 250, Irvine, CA 92614

heloc home equity loan, commercial lending, dscr, non-qm, prime low fico itin, va loan, conventional loans, Jumbo loans
heloc home equity loan, commercial lending, dscr, non-qm, prime low fico itin, va loan, conventional loans, Jumbo loans
heloc home equity loan, commercial lending, dscr, non-qm, prime low fico itin, va loan, conventional loans, Jumbo loans

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