Tap into Your Home Equity

Have you considered tapping into your home equity to send a child off to college, or remodel your home? A fixed- or adjustable-rate loan secured by your home equity is called a "home equity loan." You borrow a lump sum of money to be repaid with monthly payments during a set period of time, like you original mortgage loan. The terms "home equity loan" and "second mortgage" might be used interchangeably.

Getting the Loan

You'll be accustomed to the process as it is a lot like the process toward your existing mortgage. Some distinctions are though, that the interest rate with a home equity loan is usually higher (with tax deductible interest) with lower closing costs.

To qualify for a second mortgage, you need to have a positive credit score and you should be able to verify your income. To figure out your home's market value, your lending institution will ask for an appraisal of your home. To discuss your home equity/second mortgage options, contact us at 9094671090.

Have questions about your home equity? Call us at 9094671090. It's our job to answer home equity loan questions, so we're happy to help!

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question
By checking the box, you agree that Greystone Loans, Inc. may call/text you about your inquiry, which may involve use of automated means and prerecorded/artificial voices.. Message/data rates may apply.

Greystone Loans, Inc.

Opening Doors to the American Dream since 1992

14726 Ramona Ave
Chino, CA 91710-5332