Home Equity Line of Credit Lender .com

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Home Equity Loan Rate

6.25% APR*
No Appraisal fee | No Closing Costs *

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Call Now for your Home Equity Line of Credit Loan: (888) 35-HELOC - M-F 8:30am - 5:30pm PST

Home Equity Line of Credit Home Equity Loans can Help You Access Your Home Equity So You Can Do a Debt Consolidation or Get Cash-Out Without Refinancing Your Current Mortgage.

Home equity lines of credit is one the best tax-deductible low rate home equity loans available!

Our low home equity loan rate is always .25% below the prime rate.
No appraisal fee, no closing costs *, annual fees or pre-payment penalties.
Use our home equity line of credit for home equity loan refinancing to a low rate.
We'll come to your home 24/7 to close your home equity line of credit.
Fast home equity loan decisions and easy access to your home equity line of credit.

► Apply Now for Your Home Equity Line of Credit

►Call Now: (888) 35-HELOC / Mon-Fri. 8:30-5:30 PST

Home Equity Line of Credit Learning Center

What is a Home Equity Line of Credit

What to Expect during the Loan Process

Home Equity Line of Credit Loan Terms

Do a Debt Consolidation with a Home Equity Line of Credit

Below is a sample of your monthly payments after doing a debt consolidation home equity line of credit home equity loan:

Loan Amount	Est. Monthly Payment**
$20,000	$104
$30,000	$156
$40,000	$208
$50,000	$261

What is a Home Equity Line of Credit Loan

Home equity lines of credit (home equity loans) are being used by many homeowners like you who are borrowing against there home equity with home equity loans, home equity line of credit ( "home equity credit lines " ), and home equity credit lines as a way to:

Do a Debt Consolidation to Lower Payments
Pay for home improvements
Pay for major purchases
Buy a Car
Pay for education costs

The mortgage interest from home equity loans, home equity lines of credit and second mortgages is usually tax-deductible* and it can even lower your monthly debt payments when doing a debt consolidation home equity line of credit loan. We can lend up to 90% of your available equity, up to $250,000.

Home Equity Line Of Credit vs Home Equity Loans?

Both a home equity line of credit (home equity credit line) and a home equity loan are secured by the equity in your home. A home equity line of credit (home equity credit line) works like any other revolving line of credit, and is very similar to a credit card. Since it's flexible this allows a homeowner to write checks against the equity in his/her home on an ongoing basis. And unlike a home equity loan, with a line of credit you pay interest only when you use your funds.

What is the APR on your home equity line of credit loans?

APR stands for annual percentage rate. It is the annualized cost of credit, expressed as a percentage. The APR calculation considers certain fees to reflect the cost of credit in addition to interest on home equity lines of credit loans. Since we do not charge any application fees, the APR and our posted home equity loan rate are the same for all of the home equity credit lines, home equity loans, home equity line of credit and second mortgages we offer.

What is LTV on a home equity line of credit loans?

LTV stands for loan-to-value, which is the ratio of total mortgage-related debt to the property's value. For example, if your property is worth $300,000, you owe $210,000 on the first mortgage and there's no second mortgage, the LTV ratio is 70%.

Here is the LTV calculation:

Current Loan Amount Owed divided by Current Property Value = LTV

In this example, the maximum home equity line of credit amount could be up to $60,000 -- since we lend up to 90% ($270,000) of the property value ($300,000), including the first mortgage and any other mortgage-related debt ($210,000.)

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What to Expect during the Home Equity Line of Credit Loan Process

The home equity line of credit loan process using Home Equity Line of Credit Lender.com is as simple as 1,2,3! Below is what you can expect.

1. The Home Equity Line of Credit (home equity credit line) Loan Application

To complete our quick and easy home equity line of credit online application, you'll need:

Your social security number
Your mortgage balance, as well as your monthly mortgage payment
Your account number and balance on any existing home equity loan or other second mortgage

2. The Home Equity Line of Credit Loan Decision

In most cases, we'll provide unconditional home equity line of credit loan decisions the same day. There will be, however, a few instances when our decision is conditional based on verifying your homes value to insure you have enough home equity.

3. The Home Equity Line of Credit Loan Closing

To close, you tell us the time that's most convenient. We'll come to your home to close the home equity line of credit loan, 24/7.

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Home Equity Line of Credit Loan Terms

Home Equity Line of Credit (home equity credit line) Loan Eligibility Criteria

Following are the minimum criteria that the borrower and/or property must meet for one to become eligible to receive a home equity line of credit, second mortgage or home equity loans:

There cannot be more than two (2) owners of record of the property that will be used to secure the home equity line of credit home equity loans.
The borrower must be an individual. We do not lend home equity loans, home equity line of credit, or second mortgages, to trusts, partnerships or corporations.
The borrower(s) may not carry multiple home equity loans or home equity line of credit, from our lender on one property.
The sum of all home equity loans and home equity line or credit financed by our lender against the borrower(s) collateral property(s) may not exceed a total dollar amount of $300,000.
The property being used to secure the home equity line of credit must be a primary residence or true vacation/second home. We do not lend home equity line of credit or home equity loans on investment or income-producing properties.
The property used to secure home equity line of credit, home equity loans must be a one- to two-unit property.
The property used to secure the home equity line of credit, home equity loans must be permanently attached to real property. We do not lend on mobile homes.
The borrower must be a US citizen or permanent resident alien.
The property must be located in the United States except Alaska, Hawaii and Texas for us to lend a home equity line of credit, home equity loans, or second mortgages.
The home equity line of credit home equity loan must be in second lien position at closing. Any existing liens on the property used to secure the home equity line, other than the first mortgage, must be paid prior to or with the proceeds from the home equity line of credit.

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*Consult your tax advisor. Additional fee's may apply.

** Based on minimum required payment of interest only at 6.25% APR on 6/6/05

* No closing costs options for home equity line of credit available dependant on HELOC loan amount and qualifications and requires initial draw of entire line of credit. Maximum lender fees up to $1,000. County Tax recordation fees may apply.

Annual percentage rate may vary; maximum APR 18%; mortgage and state tax may be borrower's responsibility. Variable rate based on Wall Street Journal Prime rate, currently 6.25% APR as of 3/24/05. Subject to automated home equity line of credit underwriting loan approval. URL.biz - Real Estate

Home equity line of credit lender offers the lowest rates on home equity loans, credit lines, second mortgages, and home equity line of credit loans. These home equity loans can be used for a home equity loan refinance to the lowest home equity loan rates. Our "home equity loans", "home equity line of credit", and "home equity credit lines" offer the lowest home equity loan rates on home equity lines of credit loans.