Home equity loans call for the borrower to acquire a new loan on an already mortgaged property using the equity you've built as collateral. Home equity loans are typically reserved for those looking to pay down medical or consumer debt, start a business or pay tuition.
Please contact us directly if you're interested in a home equity loan. Most states restrict the amount of money one can borrow against their home.
Interest rates on home equity loans are generally higher than conventional loans.
Term: 30 years
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Please feel free to ask us any loan questions.
GDM Mortgage corp
2750 Taylor Ave, Suite 25 Orlando, FL 32806 NMLS: 1588221