NEED CASH NOW? TAP INTO YOUR HOME EQUITY

Need Cash NOW? Tap Into Your Home Equity

If you need cash now? Tap into your home equity with a home equity line of credit.

A home equity line of credit (HELOC) is a home equity loan that allows you to draw funds as needed and repay the money at a variable interest rate. The Best Valor Lending HELOC Programs are commonly for individuals who need funds to pay off existing debt. They are also beneficial for individuals that need funds for ongoing home improvement projects. The Valor Lending HELOC Programs typically have lower interest rates than credit cards and personal loans.

CALL LAURA FOR IMMEDIATE ATTENTION TO YOUR LOAN SCENARIO

How does a Home Equity Line of Credit (HELOC) work?

A HELOC works by giving you a line of credit available for a set time frame. This is known as the draw period. Most HELOCs have an interest-only draw period, and you can make interest and principal payments to pay off the line of credit faster.

Pros and Cons of Best Valor Lending HELOCs

Pros

• You only pay what you spend
• Use the money for anything
• Options to lock in or fix your rate
• Lower interest rates compared to credit cards and personal loans
• You can borrow more money than with a credit card or personal loan

Cons

• A HELOC’s application process is longer than a credit card or personal loan.
• Possible minimum withdrawal requirements
• Set draw period
• Possible fees and closing costs
• If you default, you risk losing your house

Bottom Line

If you are an individual that needs cash for an ongoing home improvement project or needs to pay off some debt, a Home Equity Lind of Credit (HELOC) is a suitable loan option for you. Some pros of HELOCs are that they have lower interest rates than credit cards and personal loans. Also, you can borrow more money than a credit card or personal loan. A con is that if you default on the HELOC, you could risk losing your house. Valor Lending Group offers every mortgage loan in the book and is here to help you through the mortgage loan process today. We will be standings by for your call.

NEED CASH? TAP INTO YOUR HOME EQUITY

The Leader in the Lending Industry with With Every Loan in the Book!

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Recap of our Loan Products

1. Hard Money Loans (20% down / minimal documentation) are Typically funded in 7-10 days.
2. Stated Income Loans (Great for business owners and self-employed). No tax returns!
3. 100% financing is available (we can cross-collateralize other properties if there is enough equity)
4. Valor VA Home Loan 100% financing up to $1.5MM
5. Rental Property Loan – No tax returns or DTI calculation! Based on the subject property’s cash flow – No DSCR Coverage is needed!
6. Flipper & Rehab Loans (Flip a property with one of our many options)
7. 2nd Position Loans up to $5mm
8. Raw Land & Lot Loans
9. Ground-up Construction for spec homes, custom homes, and commercial ground-up.
10. Farms, Vineyards, Ranches, and Agricultural Properties (25-30% down)
11. 10% down Jumbo’s up to $1.5mm
12. Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
13. Acreage Properties
14. Commercial Loans up to $500mm
15. 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
16. Foreign Nationals Loans (no social security or residency required)

Other Programs we Offer:

1. Conventional Conforming Loans
2. High Balance Conforming
3. Jumbo Loan Financing |10% down Jumbo to $1.5mm
4. FHA, USDA
5. Reverse mortgages up to $1 Million in Value
6. Cash-Out Refinancing

*Terms and rates can change daily without notice

For the most up-to-date mortgage news, visit: Mortgage News Daily

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