If you need help with expenses, a home equity loan or second mortgage allows you to borrow against the value of your home to finance the expense. You can use the cash from a home equity loan for whatever you need:
- College education
- Credit card debt consolidation
- Down payment on a second property
- Home repairs/renovations
The loan process is similar to a first mortgage. You will receive the money in a lump sum, and you will make monthly payments of a set amount over a fixed period of time. Typically, you will continue to make your original mortgage payments along with payments on the home equity loan. Interest on the loan may be tax deductible*.
* Consult your tax advisor
We can tell you more about our home equity loans and home equity lines of credit.
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What Our Customers are Saying
First of all they give the buyers a slew of options and then a very realistic idea of their purchasing power. They respond very quickly when a pre-quaification letter is needed to submit an offer. Other agents and sellers respect Trident Mortgage and feel very comfortable accepting an offer with a Trident pre-qualification letter. Once the process has become they keep the buyers apprised of the information they need to provide and the deadlines they need to meet in order to keep the process rolling. They are cognizant of the mortgage commitment date and make every effort to make sure that they hit that target date, if not before. Finally, the mortgage agent actually comes to settlement and explains the paper work to the buyers, which is very rare in this digital world. All in all I couldn't ask for more from a mortgage company~ S.Y.