We are the Home Equity Experts
When interest rates began to rise, many homeowners who needed cash out of their homes were reluctant to refinance their low interest rate and swap it for a much higher rate just to get some extra cash out. Coupled with home values also rising and homeowner’s having more equity, created a dilemma that we found a solution for.
Wiser Lending now offers a great alternative – Home Equity Loans that fit your need for cash out and budget without having to get trade in your current low rate on your mortgage.
Our Home Equity Loans are 2nd lien cash out loans that sit behind your current loan and provide cash out for any of life’s reasons:
What Can I Use the Cash Out For?
- Debt Consolidation
- Home Improvements
- Paying for College
- Paying for a Large Event Like a Wedding
- Investment Purposes – Stock Market or Real Estate
- Much Needed Vacation
- New Car
- You Name it – Your Home’s Equity Can Help Pay For It!
Wiser Lending Offers 2 types of Home Equity Loans. We can help you decide which is best for you.
We will guide you to the best option for your situation. We offer closed end 2nds that you can only borrower from once and we offer HELOCs that allow you to borrower again and again like a credit card. Worried about proving income or have a unique situation? We offer alternative documents such as bank statements and have the ability to loan in unique situations so you can get the cash you need.
HELOAN -Home Equity Loan
These home equity loans are a one-time cash out loan that allows you to access the usable equity in your home. You receive a one-time lump sum that is wired directly to your bank account.
- Loans from $75k to $500k
- Terms – 10,15,20 and 30 Years
- Fixed Rates Only
- Sometimes No Appraisal Needed
- 640 Minimum FICO
- W2 income or Self-Employed Income Allowed
HELOC – Home Equity Line of Credit
These home equity loans have an initial draw at closing and then you are allowed to pay down the balance and cash out again for the 1st 5 years of the loan. Think of it as a revolving line of credit attached to your home’s equity. Perfect for someone that wants cash available at anytime just in case.
- Loans from $25k to $400k
- 30 Year Term – 5-year draw period with interest only payments
- Digital Process Controlled By You
- Instant Income Verification for 75% of W2 Borrowers
- Optional Bank Statement Analysis for Self-Employed or W2 Borrowers
- Close in as little as 2 days or 12 days in Texas
- 640 Minimum FICO
Do the same laws apply as Texas Cash Out Loans.
If your home is located in the State of Texas – Yes. We must follow all the Texas Cash Out Laws on our Home Equity Loans. Discuss today with our mortgage experts to ensure you get the cash out need.
Contact our Home Equity Loan Experts Today
Let us help you get the cash out need with our home equity options. Our customer service is still second to none, and our expertise will have your cash in hand in no time. Contact us today and make the Wiser Choice for Home Equity Loans!