Home Equity Mart

read morePurchasing a home can be an exciting and rewarding experience, whether it is your first or your fifth! However, without the right assistance, it can be a daunting and frightening endeavor. It's important to find the right home loan at the right mortgage rate to make the experience as stress free as possible. At Home Equity Mart, our number one priority is to help our clients find the ideal mortgage rate for their individual needs. We are dedicated to making sure that your lending experience is as easy and enjoyable as you deserve for it to be.

read moreAre you afraid that you might have missed out on the era of low interest rates? They're still historically low, and the time is now to remodel your kitchen, consolidate high-interest debts, or finally fund that dream vacation for your family with our adjustable rate loans. Hurry before it's too late, and rates return to normal! Adjustable rate loans remain fixed for a specific period of time and then begin to adjust periodically. This can be a great option for borrowers who feel that interest rates may decrease or that are planning to live in their home for less than five years.

read moreHave you been drowning in a mountain of debt, and not sure how regain control? Debt Consolidation could be the solution to getting back on track - and Home Equity Mart can give you a Debt Consolidation loan that could save you hundreds or thousands of dollars! If you're like most Americans, you've accumulated high-interest debts that never seem to go down in the balance. A Debt Consolidation loan could help you finally consolidate those debts and have only one low monthly payment. You could break the cycle of debt forever!

read moreDo you want to buy a home or refinance, but looking for a new way to afford more home for less money? An interest only loan may be the best thing for you! A traditional mortgage payment is divided between interest and principal, but with an interest only mortgage, your payment is lower because you're not paying the principal portion. With the lower monthly payments an interest only Refinance affords you it could be possible to pay down high interest debts or furnish your new home. Interest rates are still at historic lows, and We can help you decide if an Interest Only loan is the right option for your needs.

read moreHome Equity Mart.com is your secure source for processing Low Rate Home Equity Loans, Refinance Rates, Home Equity Lines, 2nd Mortgages, Home Improvement Loans, and all your financial needs. All of these lenders have been pre-screened and all will be offering multiple solutions for fixed rate 2nd mortgages and variable rate credit lines. Start re-building your credit today, even if you have a poor past credit history with bankruptcies and late payments. Loans were created, so you can pay off past due loans & bills with a low rate home equity loan.

read moreAmortization-- A repayment method in which the amount you borrow is repaid gradually though regular monthly payments of principal and interest. During the first few years, most of each payment is applied toward the interest owed. During the final years of the loan, payment amounts are applied almost exclusively to the remaining principal. Annual Membership-- An amount that may be charged annually for having a line of credit available. Often charged regardless of whether or not you use the line.

read moreHome equity is a tangible value placed on the dollar amount between your home's appraised value and the principal amount owed on your mortgage. For example, if you owe $150,000 on your mortgage and your home is worth $200,000, then you would have earned $50,000 in home equity. For refinance purpose you would be at 75% Loan to Value. Home equity has become the American way, because there are so many ways to use it. You can borrower against you home equity. You can cash out your home equity, or you can do nothing and let the equity appreciate over time.

read morePre-qualification occurs before the loan process actually begins, and is usually the first step after initial contact is made. The lender gathers information about the income and debts of the borrower and makes a financial determination about how much house the borrower may be able to afford. Different loan programs may lead to different values, depending on whether you are qualified for them, so be sure to get a pre-qualification for each type of program you are suited for. The buyer, now referred to as a "borrower", completes a mortgage application with the loan officer and supplies all of the required documentation for processing.