A home equity loan, by definition, is a second mortgage taken out against the equity (or cash value) built up in your home. Home equity loans can be great financial opportunities or detrimental financial burdens, depending on who is loaning the money, the rate, and the repayment terms. You must conduct ample research before taking out a second mortgage to avoid pitfalls all too common in the lending market.
There are many companies in the lending industry who capitalize on unsuspecting homeowners. They advertise unbelievable rates and out-of-this-world promises. What they don't tell you about are the hidden costs, exponential rate increases for late or missed payments, and balloon payment contingencies.
At Downs Financial, Inc., we make it our first priority to offer our customers an extensive line of real-life mortgage solutions. We've helped thousands of homeowners in their pursuit of lower rates and lower monthly payments. Our home equity programs are designed not only to save you money, but also to create sizable cash flow to use for a home improvement project, your child's college tuition, or any other expenses.
There are no strings attached to our loans. We simply loan you the money at the rate we've quoted you. You make your payments and save money every month. It's as simple as that. Even if you've got less than perfect credit, missed payments, or have been turned down by other lenders, Downs Financial, Inc. can help. Call us today at 1-866-745-5989 or apply online.