Home equity loanleft

Do you need to tap into your homes equity to pay for a home remodeling project or to pay off a credit card? A home equity loan can be a fixed or adjustable rate loan that is secured by the equity in your home. With a home equity loan, you borrow a lump sum of money to be paid back monthly over a set time frame, much like your first mortgage. The terms home equity loan and second mortgage are often used interchangeably.

The process for a home equity loan is similar to your first mortgage. The closing costs (often 1-2 percent of the loan amount) are usually lower and, although the interest rate is higher on a home equity loan, the interest paid is usually tax deductible.


To qualify for a second mortgage, your credit must be in good standing and you may be required to document your income. An appraisal may be required on your home to determine the home's market value.

Basic Pre-Approval

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Tell us a little about your current needs and we can use that
information to match you with just the right loan.
 
Tell us about your loan needs.
*Reason for loan (purch, refi, cash out):
*Value of property:
*Type of property:
*Amount you need to borrow:
Type of loan wanted (30 Yr, 15 Yr, ARM, Int. Only):

How can we get in touch with you?
*Name:
*Email:
Phone:
Address:
City:
*State:

Tell us about your credit history.
*Credit History (Excellent, Good, Average, Poor):

Note: Fields with an * are required





 

AmQuest Mortgage, Inc 1025 Lakeshore Drive Gainesville, GA 30501
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