Home Equity Loan & Line of Credit Approvals Despite Credit, Income, or Power of Sale!
Home Equity Loans or Home Equity Lines of Credit are loans based on the equity a homeowner has in their home. Equity is the difference between what is owed on a mortgage and the home’s selling value. For example, if a homeowner has a mortgage remaining of $120,000 and the home’s selling value is $140,000, the equity on that home is $20,000.
If a homeowner does, indeed, have equity in their home, these types of loans are excellent when looking for funds to be able to use towards things such as home repairs, updates, debt consolidation, or any other reason.
The difference between a home equity loan and a line of credit is interest rates on a loan are usually fixed-rate, while lines of credit have variable rates. But the interest rates are typically more attractive than personal loans or credit cards, due to the fact that you are using your home as collateral.
At Savers Mortgage, we’ll get you approved no matter the circumstance. Turned down by the bank? Self-Employed? Income? Bad credit? Power of sale? Count on Savers Mortgage!
Apply Online Using Our 3 Minute Application
The Savers Mortgage application process is convenient, quick, and easy. Simply fill out your information using our online form. Once received, one of our associates will review the information you provided and will follow up by phone or email.
The Benefits of Working with Savers Mortgage
We offer both fixed, variable-rate mortgages & secured lines of credit to qualified borrowers.
Lines of Credit for amounts as little as $10,000!
SAVERS MORTGAGE HAS BEEN “THE BANK ALTERNATIVE” FOR OVER 30 YEARS!
OFFERING EQUITY-ONLY HOME MORTGAGE APPROVALS DESPITE CREDIT, INCOME, POWER OF SALE … OR FOR ANY REASON!