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Home Equity Loan or Line

Looking for a home equity loan or line of credit? Look no further! With home equity line rates as low as Prime - 0.250% and fixed rate loans as low as 6.875%, it's time to consolidate that debt. Call now for a quote at 1-877-256-5681.

 

Home Equity Tips -- Line or Loan?

Line: Create line of credit with a limit that allows you to pull out a minimum amount of money and pay it down to $0 while still keeping the line open for future usage.

Loan: Fixed rates for 15 years with payments amortized over 30 years. Many will call this a 30 year fixed loan, but in reality it is not. Also known as a 30/15 Balloon. The full amount of the loan is drawn and cannot be charged back again unless refinanced. Once it is paid down, it will be closed.

 

Home Equity Overview

  • Lines as low as Prime - 0.250%.
  • Loans fixed as low as 6.875%.
  • No Closing Cost loans or lines may be available in your state.
  • Fully amortizing or interest only available.
  • Avoid Private Mortgage Insurance by keeping your first mortgage at or below 80% loan to value and putting the rest in a 2nd mortgage.
  • Documentation types including: Full, Stated, and No Doc.
  • Available for primary residences, secondary residences, and investment properties.

 

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We currently serve the states of:

California, Colorado, Florida, Idaho, Indiana, Massachusetts, Maryland, Minnesota, New Mexico, North Carolina, Pennsylvania, South Carolina, and Virginia

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Daylight Discount Mortgage Corporation  7110 Wrightsville Ave. A-4,  Wilmington, NC  28403

Phone: 1.877.256.5681