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Home Equity Line of Credit Home > Mortgage Research > California Home Equity Line of Credit |
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Equity Line Of Credit: California Properties Only
The monthly interest rate is based on the current Prime Rate. This is a stand alone 2nd trust deed. It is a revolving line of credit for the first 10 years. The minimum payment is interest only based on the monthly average balance. You can pay off any balance in full and use again when needed. Ideal for larger expenses that cannot be put on a credit card.
In many cases requesting a higher line of credit may improve the terms, such as a lower margin. You do not have to draw out any more than you need. If you have large amounts of equity built up in your home, there are more choices. CLTV is the Combined Loan To Value. It is figured by taking current market value of your home times 80%, or 90%, depending on program you are requesting. You then subtract your existing first loan from that amount. The remaining amount is how much you can obtain with the Home Equity Line or HELOC.
Owner occupied properties only.
You will know most of the answers to the questions we ask without preparing for the call or having any of your documentation ready.
If you are missing any information we can get it later. It is simple and fast. When loan is approved and you are ready, we send a traveling notary with the final loan documents to you.
Apply by Phone. Call: 1- 818- 878- 9538 Simple, stress-free and easy, ten minute phone application.
There is no cost to apply. None, really...
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Call For Your
Free Rate Quote
Apply by phone
Purchase and Refinance Home Loans anywhere in California |
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