Home Equity Loans

Home Equity Loans
(Second Mortgage)

Are you looking for a low-simple interest, tax-deductible loan?

Do you want to purchase a home or payoff your high interest credit card debt?

Use #1-Refinance.com's resources for information about various home equity loans. Using your Home's Equity to Consolidate Your Debt

Did you know your home could help you consolidate your debt? Depending on your financial goals, tapping in to your home's equity might be just the thing to do if you want to:

Eliminate compounding credit card bills

Lower your total payment amount

Make your debt tax deductible

Consolidate all of your bills into one low monthly payment.

There are a few different ways to access the equity in your home. You can refinance and take cash out. With today's current interest rates this is an attractive option (especially if you're paying more than 7.5% interest on your current mortgage). Refinancing with a new mortgage loan would allow you to drop your payment and pull money out with no money "out of pocket."

For example, If your home is currently worth $250,000 and you owe $200,000, you could still access up to $50,000 worth of home equity at a low fixed interest rate, and because your LTV is still under 100%.

A debt consolidation loan does not reduce the amount you owe. Instead, it reduces the interest rate you pay. You will still need to keep your debt low, and if you have extra money, save it, invest it, or pay off your mortgage loan early. If you already have a great rate and just want to utilize some of the equity in your home, get a home equity loan and borrow only the amount you need to access. Typically interest rates for a home equity loan are a little higher than your first mortgage because it is higher risk for the lender.

#1-Refinance.com can help you find the right lender to help you decide what home loan type is best for you. We recommend if you have additional questions, discuss your situation with your financial or tax advisor to determine if a debt consolidation loan is right for you.

Mortgage Rates are still at Historic Low Levels.
It's not too late to Refinance your Home & Cash Out.

Lock into a Lower rate Refinance Mortgage & Start Saving

Refinance Benefits

Pay off Debt with your mortgage

Convert Adjustable Rates to Fixed Rate Loans

Refinance your 2nd mortgage & Save

Lower your Payments

Refinance Loan Options

25 year Fixed Rate Refinance

20 year Fixed Rate Refinance

15 year Fixed Rate Refinance

100% Home Equity Line of Credit

125% Fixed Rate Home equity Loan

5/1 ARM Interest Only Mortgage

Cash Out up to $500,000

125% Second Mortgage Refinance

Debt Consolidation Refinancing

Bad Credit Refinance (BK & Charge-offs OK)

Home Equity Loans (Second Mortgage)

Home Equity Loans
(Second Mortgage)