Access Funds Without Sacrificing Your Low First Mortgage Rate
FLEXIBLE NONTRADITIONAL OPTIONS FOR REAL ESTATE INVESTORS, SELF-EMPLOYED & BUSINESS OWNERS.
A home equity loan may be the perfect solution for you. Prime Choice Funding offers a few options for home equity, allowing you to unlock the hidden value in your property and borrow up to 90% of its appraised value. Whether you want to renovate your home, consolidate debts, fund an education, or tackle any other financial goal, our flexible and competitive loan-to-value options have you covered. Take advantage of this opportunity to leverage your home’s equity and secure the funds you need. Get started today and let your home work for you!
Our team of licensed loan officers is prepared to assist you with any inquiries you may have. Applying over the phone can be completed in as little as 10 minutes.
At Prime Choice Funding, our focus is on meeting the unique requirements and preferences of our customers when it comes to finding the perfect loan option. With a team of highly experienced Loan Officers and dedicated Operations professionals, we are committed to assisting homeowners in realizing their financing goals. Our mission is to deliver exceptional service and empower homeowners to achieve their financial aspirations.
Reach out to us today and discover the immediate support we offer. Our team of licensed loan officers is standing by, fully prepared to assist you with your unique financing needs. There’s no need to prolong the wait any longer. Take action now and secure the financing you require for your goals!
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Homeowners can use a Home Equity Loan for various purposes, such as home improvements, debt consolidation, funding education expenses, covering medical bills, or even starting a business. It provides flexibility in using the funds based on your financial needs.
The amount you can borrow with a Home Equity Loan depends on the lender’s policies and your home’s equity. Typically, lenders allow borrowers to access up to 80-90% of their home’s appraised value, minus any outstanding mortgage balances.
While both allow you to borrow against your home’s equity, a Home Equity Loan provides a lump sum upfront, and you repay it over time with fixed monthly payments. On the other hand, a HELOC works more like a credit card, allowing you to draw funds as needed up to a set credit limit during a specified draw period, and you only pay interest on the amount you’ve withdrawn.
Home Equity Loans often come with lower interest rates compared to other forms of credit, making them a cost-effective option for borrowing larger amounts. Additionally, the interest paid on Home Equity Loans is often tax-deductible, providing potential tax benefits for some borrowers.
