Heloc
Keep your low-interest rate 1st mortgage!
- Closing costs less than $1,000
- 700 middle credit score required, full income documentation required
- 10 year draw period, converts to 20 year mortgage
- Only pay on the amount you draw, can pay interest only!
- 7.74% interest rate assumes a middle credit score of 780 or higher with a loan amount of $150,000 or higher and a maximum CLTV of 80% of the appraised value, 7.785% A.P. R. (Annual Percentage Rate)