If you need help with expenses, a home equity loan or second mortgage allows you to borrow against the value of your home to finance the expense. You can use the cash from a home equity loan for whatever you need:
- College education
- Credit card debt consolidation
- Down payment on a second property
- Home repairs/renovations
The loan process is similar to a first mortgage. You will receive the money in a lump sum, and you will make monthly payments of a set amount over a fixed period of time. Typically, you will continue to make your original mortgage payments along with payments on the home equity loan. Interest on the loan may be tax deductible*.
* Consult your tax advisor
We can tell you more about our home equity loans and home equity lines of credit.
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What Our Customers are Saying
Mortgage consultants (Ian Clardy and Brian Johnson) were easy to deal with, attentive, extremely conscientious, an at all times customer focused. They were available off hours including weekend evenings. My client was in a bidding war withe several other buyers and was asked to get a second pre-approval from another lender within 24 hours which just happened to fall on the weekend, My clients were not only able to get a pre-approval on-line, they were actually able to talk to their mortgage consultant (at 9:00 on a Saturday night) who walked them through the entire process. Ian and Brian did everything in their power to make sure closing happened in time ...even when my client needed to move the closing up 7 days so that their 90 year old grandmother would not have to be in a hotel for more than a day in between closings. I would like to add that this was likely not the largest loan these mortgage consultants were handling at the time, but my client was always made to feel valued and important. At closing, my client said he was grateful that the listing agent required him get that second pre-approval and that he decided to go with Trident. Thank you Ian and Brian and the entire Trident team!!~ D.K.