Looking to purchase that big ticket item? The funds you need may be right in your own backyard – or closer! Many of our satisfied members have used home equity loans for:
Borrow up to 80% of the equity in your home minus first mortgage balance.
For example: If a home is valued at $200,000 and the remaining mortgage balance is $100,000, we would lend up to $60,000. ($200,000 x 80% = $160,000 – $100,000 = $60,000)