Home Equity line of Credit/loan

 A Home Equity Line of Credit or Home Equity Loan is a second or even third mortgage that allows you to borrow large sums of money by using your house as a line of credit while leaving your first mortgage untouched.

 Loan Benefits

• Leaves first mortgage unchanged, keep that low rate!
• Does not always require an appraisal
• Options that fund in as little as 5 business days
• Options for lump sum payment or ongoing draws
• No specification on what that money is used for
• Flexible qualification guidelines such as bank statements
• Useful for consolidating debt without long term implications
• Available in fixed and variable options
• Quick turn times