Line of Credit

Ideal for people who either don't have a lot of ready cash for a down payment or are saving their funds for other uses.

1. Combines a home loan and a home equity loan or line of credit into one low monthly payment.
2. Increases savings by avoiding PMI (mortgage insurance).
3. Increases the amount of your mortgage tax deduction.

Fixed Loan

A one-time, lump sum of money borrowed against your home equity.

1. Predictable fixed payments and interest rate.
2. Unlike a Line of Credit, you only draw money once - in a lump sum.
3. Tax deductable.
4. No annual fees.

125% Home Loan

A second Mortgage that allows you to borrow more than your home is worth.

1. Borrow more than your home is worth - up to 125% of its value.
2. Ideal for people who need money but have little or no equity in their home.

 

Select a Loan Option