Bridge Mortgage is a countrywide lender who provides online home equity loans for debt consolidation and refinancing. Borrowers can get cash out of their home for consolidating bills and financing business ventures or home improvements.
Cash Home Equity Loans |
- Closed End 2nd's
- Open End Lines of Credit
- Interest Only Home Equity Credit
- FHA - 95% CLTV's to w/580 Score
- Loan amounts up to $500,000 w/ 700 Score
- Fixed Home Equity Loans
- Reduced Documentation Available
- 2-4 Units & Condo's Available
- 2nd Home and Non-Owner Occupied Available
- No Equity Home Improvements Loans
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Home equity loans offer several attractive benefits for debt consolidation. First, you are moving your debt from a host of different lenders to one lender with a lower interest rate. You will also be paying off one lump sum in a fixed time-frame, instead of paying various lenders various amounts on differing payment schedules. In addition, the interest on a home equity loan is tax deductible. Finally, in most cases, less money will be coming out of your bank account each month to pay off your debt.
Complete loan article - Home Equity Loans and Debt Consolidation |
In a recent article published by B.D. Nationwide Mortgage, loan officer J. Morris stated, home equity loans are the perfect refinancing tool for consolidating credit card debt."
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- Employed Borrowers (Salary or Hourly):
- Self-employed Borrowers:
- Rental Income:
- Fixed Home Equity Loans to 100%
- Fixed Rate Mortgage Refinance
- Cash Out Home Equity Credit Lines
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Apply Now for a Low Rate Home Equity Loan
Since the end of 2004, the Federal Reserve has raised the prime interest rate from 4%to 8.25%. Finally the central bank stopped after seventeen key interest rate hikes in a row. Economists are predicting rate hikes and rate cuts, but what will really happen in 2007 and 2008 remains to be seen.
In 2007, Bridge Mortgage recommend making sure that your home equity loan has a fixed interest rate and that allows you to refinance all you debt into one payment:
If the Federal Reserve lowers the prime rate, more homeowners will take the risk with variable rate home equity lines of credit because they allow you to borrow and reuse the funds and the payments require only interest due on the portion of the credit line used. Today fixed home equity loans are showing lower interest rates than equity lines of credit, on average.
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