Contact Us, Paramount Equity Mortgage®, equity mortgage.#Equity #mortgage


Contact Us

Equity mortgage

Paramount Headquarters

8781 Sierra College Blvd. Roseville, CA, 95661

Toll Free: 877-290-9991

Equity mortgage

Paramount Direct Consumer Loan Office

10888 White Rock Rd. Rancho Cordova, CA, 95670

Toll Free: 888-404-3457

Equity mortgage

Paramount Partners Group

4357 Town Center Blvd, Suite 214, El Dorado Hills, CA 95762

Equity mortgage

Phoenix, Arizona Office

6970 East Chauncey Ln. Phoenix AZ, 85054

Toll Free: 877-290-9991

Equity mortgage

Irvine, CA Office

22 Executive Park, Suite 100 Irvine, CA 92614

Toll Free: 877-290-9991

Atlanta, GA Office

6600 Peachtree Dunwoody Rd Ste: 400

400 Embassy Row, Atlanta, GA 30328-6773

Toll Free: 844-266-9189

Equity mortgage

Kansas City, Kansas Office

Country Club Plaza

435 Nichols Road, Suite 200, Kansas City, MO 64112-2006

Toll Free: 877-290-9991

Equity mortgage

Paramount Partners Group

915 Broadway St., Suite 310, Vancouver, WA 98660

Equity mortgagePortland, Oregon Office

Regus Centerpointe Center

5 Centerpointe Drive, Suite 400, Lake Oswego, OR 97035

Toll Free: 877-290-9991

Have a loan with us?

Call or click for loan servicing options.

Have a question? We’re here to help! Our specialized customer care team is eagerly waiting to address any questions you may have regarding your refinance, servicing, payment, approval, and even complaints. Please contact [email protected] We’re here for you.

Get Started! Get your free quote now

Corporate Headquarters. 916.290.9999

Toll Free. 877.290.9991

8781 Sierra College Blvd. Roseville Ca 95661

Equity mortgage

Equity mortgage

Equity mortgage

Equity mortgage

Equity mortgage

Equity mortgage

Equity mortgage

Equity mortgage

Equity mortgage Equity mortgageEquity mortgage

Paramount Equity Mortgage®, LLC is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License #4170047; Arizona Mortgage Banker License #0922160, NMLS# 30336; Colorado Mortgage Company Registration NMLS# 30336, Connecticut Mortgage Lender License # ML-30336; DC Mortgage Dual Authority License #MLD30336; Georgia Department of Banking and Finance Georgia Mortgage Lender License #42733, Florida Mortgage Lender Servicer License # MLD 898; Hawaii Mortgage Servicer License , Idaho Mortgage Broker/Lender license – MBL-8279, Indiana-DFI First Lien Mortgage Lending License, Indiana-SOS Loan Broker License, License # 30336 License # 28067, #MS136, Kansas licensed mortgage company License # MC.0025206; Maine Supervised Lender License – 30336; Maryland – Mortgage Lender License # 21172; Minnesota Residential Mortgage Originator License, License # MN-MO-30336, Minnesota Residential Mortgage Originator License Other Trade Name, North Carolina Mortgage Lender License NMLS# 30336, License# MN-MO-30336.1 ,Nevada Mortgage Banker License #3919; Nevada Broker License #4260, New Mexico Mortgage Loan Company License NMLS# 30336, MO Company Registration NMLS# 30336, 435 Nichols Road, Suite 200, Kansas City, MO 64112-2006; Licensed by the N.J department of Banking and Insurance NMLS# 30336; New Jersey Residential Mortgage Lender License NMLS# 30336, Ohio Mortgage Loan Act Certificate of Registration , NMLS # 30336, Oregon Mortgage Lender License #ML-3256, Texas SML Mortgage Banker Registration NMLS# 30336; South Carolina Board of Financial Institutions Mortgage Lender/Servicer License #MLS-30336; Tennessee Mortgage License #125485, NMLS# 30336, Texas SML Residential Mortgage Loan Servicer Registration NMLS# 30336, LLC NMLS #30336; Pennsylvania Mortgage Lender License #52769, Utah DRE Mortgage Entity License Other Trade Name#1 #9572003, Utah DRE Mortgage Entity License Other Trade Name#2 #9573336, Virginia Broker License #MC-5267, Virginia Lender License #MC-5267, Washington Consumer Loan Company License #CL-30336; and Wisconsin Mortgage Broker License #30336BR NMLS ID #30336.


Home Equity Loan and HELOC Basics, home equity loan.#Home #equity #loan


Home Equity Loan and HELOC Basics

If you’ve owned your home for a while or have seen its value rise significantly, you may be thinking about taking out a loan against the equity, perhaps for home improvements, a new car, or some other purpose. You have two basic choices: a home equity loan or a home equity line of credit (HELOC).

A home equity loan is a lump sum loan that uses your house as collateral, just like your primary mortgage. With a home equity loan, you borrow against the value of your home decreased by the existing mortgage (the equity).

How much can you borrow? Most lenders won’t allow you to borrow more than 75% to 80% of the home’s total value, after factoring in your primary mortgage. However, even if you put no money down when you bought your house and haven’t paid a dime of principal back, any increased market value of your home may make a home equity loan feasible. For example, say you bought your house 12 years ago for $150,000 and it’s now worth $225,000. Even if you haven’t paid off any principal, you might qualify for a home equity loan of $30,000 — this would bring your total loan amount to $180,000, which is 80% of your home’s value of $225,000.

Interest rates on home equity loans. A home equity loan is sometimes called a “second mortgage” because if you default and your house goes into foreclosure, the lender is second in line to be paid from the proceeds of the sale of your house, after the primary mortgage holder. Because the risk of not getting paid the full value of the loan is slightly higher for the second lender, interest rates on home equity loans are usually higher than those on primary mortgages. But at least the interest is lower than on the typical credit card.

Loan term. The loan term of a home equity loan is usually much shorter than that on a primary mortgage — ten to 15 years is common. That means that your monthly payments will be proportionally higher, but you’ll pay less interest overall.

What Is a Home Equity Line of Credit?

The other major option in home equity borrowing is a home equity line of credit, or HELOC. A HELOC is a form of revolving credit, kind of like a credit card — you get an account with a certain maximum and, over a certain amount of time (called a “draw period”), you can draw on that maximum as you need cash.

The draw period is usually five to ten years, during which you pay interest only on the money you borrow. At the end of the draw period, you’ll begin paying back the loan principal. Your repayment period will usually be in the ten- to 20-year range, which means that, as with a home equity loan, you’ll pay less interest than you would on a traditional 30-year fixed mortgage, but your monthly payments will be proportionally higher. HELOCs sometimes have annual maintenance fees, which generally range between $15 to $75, and many have cancellation fees that can be several hundred dollars.

Similar to home equity loans, the amount of money you can borrow with a HELOC is based on the amount of equity you have. Usually that means you will be able to borrow some percentage of the home’s value, reduced by the existing mortgage — usually 75% to 80%. Unlike home equity loans, the interest rate on a HELOC is usually variable, so it can start low but climb much higher. HELOC interest rates are usually tied to the prime rate, reported in The Wall Street Journal, and the maximum rates are often very high — similar to the rates on a credit card.

What Can You Do With a Home Equity Loan or HELOC?

You can do whatever you want with a home equity loan or HELOC: finance your son’s education, take an extravagant trip, or buy a big screen television. Some people use it to consolidate debts that they’ve racked up on various credit cards.

However, the most prudent way to spend the cash is on improving your home. If you aren’t able to pay the loan back, you risk foreclosure, but if you used the cash to improve your home, you should see an increase in its value (if you followed the advice in Nolo’s article Do Home Improvements Really Add Value?). This gives you the option to refinance if you need to and, if the value of your home has gone up, you’ll be more likely to qualify for the loan. (For more information on how refinancing can lower your monthly payment, see Nolo’s article Refinancing Your Mortgage: When It Makes Sense.)

HELOCs work well if you are making improvements on your home and have ongoing expenses. Often borrowers get them as an added safety net, in case they need cash suddenly, but without real plans to draw on them otherwise.

You may just want to have this source of cash in your back pocket for emergencies — but make sure there’s no requirement that you draw some amount, as some lenders require this so that they’re assured of making a little money on the deal.

Tax Benefits to Home Equity Loans and HELOCs

A final benefit to using a home equity loan or HELOC to improve (or even purchase) your home is that the interest is tax deductible, just as it is on a primary mortgage, up to $1 million. You can deduct only up to $100,000 if you use the money for another purpose. (However, you can’t deduct more than the house’s fair market value.)

Also be careful if you’re subject to the Alternative Minimum Tax. In that case, your home equity loan or HELOC may be deductible only if it is used to purchase or improve the home.

How to Get a Home Equity Loan or HELOC

Shopping for a home equity loan or HELOC is just like shopping for a primary mortgage. You can either go to a mortgage broker or you can research loan options on your own. For more information on shopping for a mortgage, read Nolo’s article Where to Shop for a Mortgage.

With a home equity loan, expect to pay some of the typical fees you paid on a regular mortgage, but in much lesser amounts. (Some of these fees are based on the loan amount, which is probably lower than your primary mortgage.) At the very least, you’ll have to pay for an appraisal, which is the lender’s opportunity to evaluate how much your home is worth. You may find a home equity loan without any fees, but be careful: Usually it means these costs are rolled into the loan, perhaps in the form of a higher interest rate. Costs on HELOCs are usually (but variable interest rates mean the interest payments can be much higher).

To learn more about home buying, read Nolo’s Essential Guide to Buying Your First Home, by Ilona Bray, Alayna Schroeder, and Marcia Stewart (Nolo).


Home equity loan#Home #equity #loan


Home Equity Loans

Sometimes savings aren’t enough and you need extra cash to cover major expenses. If you have a big one-time purchase with a set amount — tuition, renovations, medical expenses — a home equity loan can help you cover it.

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

Owner Occupied Homes: 80% or Less Loan to Value

Owner Occupied Homes: 80.01% – 85% Loan to Value

Owner Occupied Homes: 85.01% – 90% Loan to Value

Non-Owner Occupied Homes: 80% or Less Loan to Value

Features Benefits

  • Loans from $10,000 – $400,000 up to 240 months.
  • Great for big-ticket purchases
  • Fixed monthly payments

Closing Cost Credit †

The maximum Loan To Value (LTV) for an Owner Occupied Home is 90% or less. Maximum loan amount is $250K for 85.01% to 90% LTV.

The maximum LTV for a Non-Owner Occupied Home is 80% or less. A maximum term of 144 months applies.

Closing Cost Credit: PenFed will pay most closing costs associated with a fixed equity which includes: credit report, flood certification, settlement/closing, property ownership and encumbrances search, recording, city/county taxes, state taxes, property search and quick close. If an appraisal is required, the cost will be paid by the member, who is responsible for the fee whether or not the loan closes. The member is responsible for notary fees. Should this loan be paid off or closed within 24 months from the anniversary date of the loan closing, the member will be obligated to pay PenFed the full amount of the total closing costs for the loan.

Interest may be tax deductible, consult a tax advisor for further information regarding the tax deductibility of interest and charges.

Appraisals: An appraisal is required for all applications with a combined loan to value (CLTV) over 80%. For applications with a CLTV of 80% or less, PenFed will attempt to establish value via an independent method. If that method is unsuccessful, an appraisal will be required regardless of CLTV. An appraisal is required in the following circumstances:

  • For any loan amount if the CLTV is greater than 80%; or
  • For all fixed term equity loans with a loan amount greater than $250,000.

If an appraisal is required it must be ordered by PenFed. You will be contacted for authorization and payment prior to ordering. Appraisal fees average $350 to $525 (some run higher).

Property Insurance: Property insurance is required.

PenFed Mortgage Aggregate: If the total combined PenFed indebtedness for real estate loans against the collateral property exceeds $750,000 then the maximum CLTV is 80%. This total indebtedness includes a PenFed 1st mortgage, the new requested loan amount and any outstanding PenFed equity loan products.

Multiple Loans: Multiple equity loans and ELOCs are available as long as the member and collateral qualify (except Texas). The total PenFed indebtedness cannot exceed $400,000 for all equity and ELOCs combined.

PenFed does not lend on:

  • Mobile homes
  • Co-ops or time-shares
  • Properties that are currently listed on the market for sale
  • Commercial property or property used for commercial purposes, even if a residence is part of the property
  • Undeveloped property (land only)
  • Properties with more than 4 units.

Properties that are currently under major construction/renovations. Property must be fully livable, with no safety issues. (Examples: no missing rails from stairs/decks, no open walls with wires showing, missing kitchen appliances/counters, missing bath fixtures or unfinished pool).

Fixed Home Equity Loan:

  • In Texas, the maximum CLTV available is 80% on owner occupied properties and 75% on non-owner occupied properties. Additional restrictions apply in Texas, so please ask a representative for details.
  • In all other states, the maximum CLTV is 90% on owner occupied properties and 80% on non-owner occupied properties.
  • The maximum CLTV for a condominium in all states is 80%.
  • Rates vary depending on loan term length, CLTV, and owner occupancy.

Minimum Loan Amount Requirements in all States:

  • For an owner occupied property the minimum loan amount is $ and the maximum amount is $ with an CLTV of 85% or less of the fair market value and a maximum of $250,000 with an CLTV 85.01 to 90.00%.

  • For a non-owner occupied property the minimum loan amount is $ and the maximum amount is $ with an CLTV up to 80% of the fair market value.

    Other terms and conditions may apply. Call 800-970-7766, extension 6400 to speak with a representative for details. All rates and offers are as of June 2017 and subject to change without notice. To receive advertised product you must become a member of PenFed by opening a share (savings) account.

    We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

    Home Equity Loan vs. Home Equity Line of Credit: Which Is Right for You?

    Home equity loan

    Borrowing money against the value of your house can be a smart way to finance a wedding or handle an emergency that might otherwise drain your finances. If you have significant equity in your home (subtract how much you still owe on your mortgage from your home’s current market value; that’s how much equity you have), you can use that value as collateral to get a low interest rate and borrow a good bit of money.

    There are two ways to approach borrowing against the value of your home. A home equity loan, often called a second mortgage, is a straightforward, lump-sum loan. You apply for a certain amount of money, you get it all at once, and you pay it back over time.

    A home equity line of credit, known as a HELOC, is a line of credit extended to a homeowner that uses the borrower’s home as collateral. You’ll be approved for a certain amount of money to be used and repaid within a certain period of time. During that time, you “charge” only what you actually use—perfect for long-term projects like a long remodel where you need to use a little bit of money at a time and you’re not sure what the total will be.

    Home Equity Loan Pros and Cons

    Home equity loans typically offer very low interest rates. It’s easy to work a home equity loan into your budget because interest rates don’t fluctuate over the life of the loan, so your payments will always remain the same.

    Still, it’s important not to overextend yourself. Because you’re using your home as the collateral, if you default on the loan, you could lose your home. And if you decide to sell your house, you’ll have to pay off your home equity loan at the time that you sell.

    HELOC Pros and Cons

    A HELOC is perfect when you don’t know exactly how much you’ll need because you’re not borrowing and paying interest on more money than you actually use. That makes it perfect for paying contractors during a long remodel or paying for a college education semester by semester. Some HELOCs allow interest-only payments for a period of time, making them perfect for emergencies. The minimum monthly payment only includes the interest on the money borrowed, rather than the principal plus the interest. At the end of the loan any outstanding balance is due.

    Your HELOC payments will vary according to how much of your credit line you’ve used and possibly according to changing interest rates. Make sure you understand when and how your monthly payments will change and what may be due at the loan’s maturity. You could also be required to take an initial lump sum when you set up your HELOC.

    It can be tempting to use a HELOC like a long-term loan or to afford things that are a little beyond your means. Remember that just a like a home equity loan, a HELOC uses your home as collateral. If you default on the loan, you could lose your home.

    The Right Home Equity Loan for You

    Different types of home equity loans and HELOCs may best fit your financial needs. For example, PenFed has an Adjustable Rate HELOC program that has an interest rate with the potential to adjust periodically every few years. It’s a great fit for short-term needs—saving you money with an initially low interest rate. Investigate the full range of home equity loan options at PenFed.


  • Peoples Home Equity Chattanooga, equity mortgage.#Equity #mortgage


    Peoples Home Equity Chattanooga

    Equity mortgage

    Your home loan search just got easier.

    Shopping for a home loan can be exhausting. We understand. Between the questions, the forms, and all of the personal information, you share your whole life with a loan officer for just one quote. More so, as a responsible borrower, you want quotes from multiple lenders. We can help. All you have to do is complete one application with us and we’ll do the comparison shopping for you by surveying multiple underwriters for the lowest rate.

    Equity mortgage

    Buyers Market

    Listen Live every Monday night from 7:00 to 8:00pm on Talk! Radio 102.3FM.

    Equity mortgage

    Purchase or Refinance

    Now is the time.

    Interest rates continue to remain historically low. Whether you are looking to purchase your first home or refinance an existing high-rate mortgage, today is the day to lock in a low interest payment. Put more money in your monthly budget with a new loan today. Don t wait!

    Equity mortgage

    Veterans

    Serving Those Who Serve Us

    A Better Way

    Equity mortgage

    A Faster Way

    Equity mortgage

    A Smarter Way

    Equity mortgage

    Equity mortgage

    5 Reasons

    People s Home Equity Makes Your Mortgage Search Easier

    Survey Multiple Underwriters With One Application

    Over 50 Years of Combined Lending Expertise

    A Custom Approach to Lending

    Highest Standards For Privacy and Security

    Are you ready to get started with your loan?


    Contact Us, Paramount Equity Mortgage®, equity mortgage.#Equity #mortgage


    Contact Us

    Equity mortgage

    Paramount Headquarters

    8781 Sierra College Blvd. Roseville, CA, 95661

    Toll Free: 877-290-9991

    Equity mortgage

    Paramount Direct Consumer Loan Office

    10888 White Rock Rd. Rancho Cordova, CA, 95670

    Toll Free: 888-404-3457

    Equity mortgage

    Paramount Partners Group

    4357 Town Center Blvd, Suite 214, El Dorado Hills, CA 95762

    Equity mortgage

    Phoenix, Arizona Office

    6970 East Chauncey Ln. Phoenix AZ, 85054

    Toll Free: 877-290-9991

    Equity mortgage

    Irvine, CA Office

    22 Executive Park, Suite 100 Irvine, CA 92614

    Toll Free: 877-290-9991

    Atlanta, GA Office

    6600 Peachtree Dunwoody Rd Ste: 400

    400 Embassy Row, Atlanta, GA 30328-6773

    Toll Free: 844-266-9189

    Equity mortgage

    Kansas City, Kansas Office

    Country Club Plaza

    435 Nichols Road, Suite 200, Kansas City, MO 64112-2006

    Toll Free: 877-290-9991

    Equity mortgage

    Paramount Partners Group

    915 Broadway St., Suite 310, Vancouver, WA 98660

    Equity mortgagePortland, Oregon Office

    Regus Centerpointe Center

    5 Centerpointe Drive, Suite 400, Lake Oswego, OR 97035

    Toll Free: 877-290-9991

    Have a loan with us?

    Call or click for loan servicing options.

    Have a question? We’re here to help! Our specialized customer care team is eagerly waiting to address any questions you may have regarding your refinance, servicing, payment, approval, and even complaints. Please contact [email protected] We’re here for you.

    Get Started! Get your free quote now

    Corporate Headquarters. 916.290.9999

    Toll Free. 877.290.9991

    8781 Sierra College Blvd. Roseville Ca 95661

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage Equity mortgageEquity mortgage

    Paramount Equity Mortgage®, LLC is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License #4170047; Arizona Mortgage Banker License #0922160, NMLS# 30336; Colorado Mortgage Company Registration NMLS# 30336, Connecticut Mortgage Lender License # ML-30336; DC Mortgage Dual Authority License #MLD30336; Georgia Department of Banking and Finance Georgia Mortgage Lender License #42733, Florida Mortgage Lender Servicer License # MLD 898; Hawaii Mortgage Servicer License , Idaho Mortgage Broker/Lender license – MBL-8279, Indiana-DFI First Lien Mortgage Lending License, Indiana-SOS Loan Broker License, License # 30336 License # 28067, #MS136, Kansas licensed mortgage company License # MC.0025206; Maine Supervised Lender License – 30336; Maryland – Mortgage Lender License # 21172; Minnesota Residential Mortgage Originator License, License # MN-MO-30336, Minnesota Residential Mortgage Originator License Other Trade Name, North Carolina Mortgage Lender License NMLS# 30336, License# MN-MO-30336.1 ,Nevada Mortgage Banker License #3919; Nevada Broker License #4260, New Mexico Mortgage Loan Company License NMLS# 30336, MO Company Registration NMLS# 30336, 435 Nichols Road, Suite 200, Kansas City, MO 64112-2006; Licensed by the N.J department of Banking and Insurance NMLS# 30336; New Jersey Residential Mortgage Lender License NMLS# 30336, Ohio Mortgage Loan Act Certificate of Registration , NMLS # 30336, Oregon Mortgage Lender License #ML-3256, Texas SML Mortgage Banker Registration NMLS# 30336; South Carolina Board of Financial Institutions Mortgage Lender/Servicer License #MLS-30336; Tennessee Mortgage License #125485, NMLS# 30336, Texas SML Residential Mortgage Loan Servicer Registration NMLS# 30336, LLC NMLS #30336; Pennsylvania Mortgage Lender License #52769, Utah DRE Mortgage Entity License Other Trade Name#1 #9572003, Utah DRE Mortgage Entity License Other Trade Name#2 #9573336, Virginia Broker License #MC-5267, Virginia Lender License #MC-5267, Washington Consumer Loan Company License #CL-30336; and Wisconsin Mortgage Broker License #30336BR NMLS ID #30336.


    Home Equity Loan Advice, Line of Credit, HELOC, home equity loan rates.#Home #equity #loan #rates


    Home Equity – All about line of credit

    Home equity loan rates

    Monthly payment requirements can vary, depending on whether you have a fixed term loan or a line of credit that permits much smaller payments.

    Home Equity Advice

    The average cost of a $30,000 home equity line of credit has been around 4.8% all year. That’s as cheap as those loans have been in more than a decade. But you still need to be very careful when tapping the value of your home.

    November 7th 2017

    These are the predictable pitfalls that can turn the renovations of your dreams into a nightmare you’ll be reliving, and possibly regretting, for years to come. Avoid them, and you’ll dramatically increase the odds of bringing your project in on budget, on time and with absolutely delightful results.

    October 30th 2017

    Home equity lines of credit can be a cheap way to borrow money for home renovations, college bills or credit card debt. But is your home worth enough to support a second mortgage?

    October 24th 2017

    The simplest, most likely answer is that your heirs will be allowed to assume your loan and keep the home as long as they make the payments. But, as you’ll see, nothing is simple in estate law.

    October 17th 2017

    If you’re among the millions of Americans bracing for the minimum payment on your home equity line of credit to go up — way up — there’s no need to panic. There are lots of ways to deal with repaying this debt.

    if you’ve had a “For Sale” sign languishing in your yard for more than a couple of months, there’s a good chance you’re doing something wrong or have a problem that you’re unaware of and haven’t addressed. Here’s how to get your property moving.

    Whether you’re redoing your kitchen or tackling a smaller project, our expert tips will help you avoid the biggest remodeling mistakes.

    If your home isn’t getting the right amount of heat at the right price, it could be time to replace your furnace. Our 10 tips will guide you.

    Some home repairs you can postpone forever. These are the kinds of leaks, shorts, cracks and critters that can lead to exceptionally expensive, even catastrophic, damage that you simply can’t ignore.

    Wells Fargo no longer allows home equity line of credit borrowers to make interest-only payments on their loans, meaning minimum monthly payments will rise. But this move could also save your house from foreclosure.


    Home Equity Loan Advice, Line of Credit, HELOC, home equity loan rates.#Home #equity #loan #rates


    Home Equity – All about line of credit

    Home equity loan rates

    Monthly payment requirements can vary, depending on whether you have a fixed term loan or a line of credit that permits much smaller payments.

    Home Equity Advice

    The average cost of a $30,000 home equity line of credit has been around 4.8% all year. That’s as cheap as those loans have been in more than a decade. But you still need to be very careful when tapping the value of your home.

    November 7th 2017

    These are the predictable pitfalls that can turn the renovations of your dreams into a nightmare you’ll be reliving, and possibly regretting, for years to come. Avoid them, and you’ll dramatically increase the odds of bringing your project in on budget, on time and with absolutely delightful results.

    October 30th 2017

    Home equity lines of credit can be a cheap way to borrow money for home renovations, college bills or credit card debt. But is your home worth enough to support a second mortgage?

    October 24th 2017

    The simplest, most likely answer is that your heirs will be allowed to assume your loan and keep the home as long as they make the payments. But, as you’ll see, nothing is simple in estate law.

    October 17th 2017

    If you’re among the millions of Americans bracing for the minimum payment on your home equity line of credit to go up — way up — there’s no need to panic. There are lots of ways to deal with repaying this debt.

    if you’ve had a “For Sale” sign languishing in your yard for more than a couple of months, there’s a good chance you’re doing something wrong or have a problem that you’re unaware of and haven’t addressed. Here’s how to get your property moving.

    Whether you’re redoing your kitchen or tackling a smaller project, our expert tips will help you avoid the biggest remodeling mistakes.

    If your home isn’t getting the right amount of heat at the right price, it could be time to replace your furnace. Our 10 tips will guide you.

    Some home repairs you can postpone forever. These are the kinds of leaks, shorts, cracks and critters that can lead to exceptionally expensive, even catastrophic, damage that you simply can’t ignore.

    Wells Fargo no longer allows home equity line of credit borrowers to make interest-only payments on their loans, meaning minimum monthly payments will rise. But this move could also save your house from foreclosure.


    Paramount Equity Mortgage®, Mortgages for Home Buyers and Refinance Home Loans, equity mortgage.#Equity #mortgage


    Paramount Equity Mortgage®

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Take advantage of today’s low rates & save

    Lower your monthly mortgage payment

    Payoff your mortgage faster

    Get cash from your home

    Equity mortgage

    Equity mortgage

    Buying a new home has never been easier

    Get Buyer Approved now

    Low down payments

    We can close your loan fast

    First-Time Homebuyer programs

    Equity mortgage

    Equity mortgage

    FHA rates are saving consumers thousands

    Streamline your current FHA loan save

    Qualify Easier with lower credit scores

    Low down payments

    Lower your monthly mortgage insurance

    Equity mortgage

    Equity mortgage

    Home loans for Veterans and Service Members

    Lower your rate with a streamline

    Low down payments

    Easier to qualify for

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Corporate Headquarters. 916.290.9999

    Toll Free. 877.290.9991

    8781 Sierra College Blvd. Roseville Ca 95661

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage

    Equity mortgage Equity mortgageEquity mortgage

    Paramount Equity Mortgage®, LLC is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License #4170047; Arizona Mortgage Banker License #0922160, NMLS# 30336; Colorado Mortgage Company Registration NMLS# 30336, Connecticut Mortgage Lender License # ML-30336; DC Mortgage Dual Authority License #MLD30336; Georgia Department of Banking and Finance Georgia Mortgage Lender License #42733, Florida Mortgage Lender Servicer License # MLD 898; Hawaii Mortgage Servicer License , Idaho Mortgage Broker/Lender license – MBL-8279, Indiana-DFI First Lien Mortgage Lending License, Indiana-SOS Loan Broker License, License # 30336 License # 28067, #MS136, Kansas licensed mortgage company License # MC.0025206; Maine Supervised Lender License – 30336; Maryland – Mortgage Lender License # 21172; Minnesota Residential Mortgage Originator License, License # MN-MO-30336, Minnesota Residential Mortgage Originator License Other Trade Name, North Carolina Mortgage Lender License NMLS# 30336, License# MN-MO-30336.1 ,Nevada Mortgage Banker License #3919; Nevada Broker License #4260, New Mexico Mortgage Loan Company License NMLS# 30336, MO Company Registration NMLS# 30336, 435 Nichols Road, Suite 200, Kansas City, MO 64112-2006; Licensed by the N.J department of Banking and Insurance NMLS# 30336; New Jersey Residential Mortgage Lender License NMLS# 30336, Ohio Mortgage Loan Act Certificate of Registration , NMLS # 30336, Oregon Mortgage Lender License #ML-3256, Texas SML Mortgage Banker Registration NMLS# 30336; South Carolina Board of Financial Institutions Mortgage Lender/Servicer License #MLS-30336; Tennessee Mortgage License #125485, NMLS# 30336, Texas SML Residential Mortgage Loan Servicer Registration NMLS# 30336, LLC NMLS #30336; Pennsylvania Mortgage Lender License #52769, Utah DRE Mortgage Entity License Other Trade Name#1 #9572003, Utah DRE Mortgage Entity License Other Trade Name#2 #9573336, Virginia Broker License #MC-5267, Virginia Lender License #MC-5267, Washington Consumer Loan Company License #CL-30336; and Wisconsin Mortgage Broker License #30336BR NMLS ID #30336.


    Home Equity Loan and HELOC Basics, home equity loan.#Home #equity #loan


    Home Equity Loan and HELOC Basics

    If you’ve owned your home for a while or have seen its value rise significantly, you may be thinking about taking out a loan against the equity, perhaps for home improvements, a new car, or some other purpose. You have two basic choices: a home equity loan or a home equity line of credit (HELOC).

    A home equity loan is a lump sum loan that uses your house as collateral, just like your primary mortgage. With a home equity loan, you borrow against the value of your home decreased by the existing mortgage (the equity).

    How much can you borrow? Most lenders won’t allow you to borrow more than 75% to 80% of the home’s total value, after factoring in your primary mortgage. However, even if you put no money down when you bought your house and haven’t paid a dime of principal back, any increased market value of your home may make a home equity loan feasible. For example, say you bought your house 12 years ago for $150,000 and it’s now worth $225,000. Even if you haven’t paid off any principal, you might qualify for a home equity loan of $30,000 — this would bring your total loan amount to $180,000, which is 80% of your home’s value of $225,000.

    Interest rates on home equity loans. A home equity loan is sometimes called a “second mortgage” because if you default and your house goes into foreclosure, the lender is second in line to be paid from the proceeds of the sale of your house, after the primary mortgage holder. Because the risk of not getting paid the full value of the loan is slightly higher for the second lender, interest rates on home equity loans are usually higher than those on primary mortgages. But at least the interest is lower than on the typical credit card.

    Loan term. The loan term of a home equity loan is usually much shorter than that on a primary mortgage — ten to 15 years is common. That means that your monthly payments will be proportionally higher, but you’ll pay less interest overall.

    What Is a Home Equity Line of Credit?

    The other major option in home equity borrowing is a home equity line of credit, or HELOC. A HELOC is a form of revolving credit, kind of like a credit card — you get an account with a certain maximum and, over a certain amount of time (called a “draw period”), you can draw on that maximum as you need cash.

    The draw period is usually five to ten years, during which you pay interest only on the money you borrow. At the end of the draw period, you’ll begin paying back the loan principal. Your repayment period will usually be in the ten- to 20-year range, which means that, as with a home equity loan, you’ll pay less interest than you would on a traditional 30-year fixed mortgage, but your monthly payments will be proportionally higher. HELOCs sometimes have annual maintenance fees, which generally range between $15 to $75, and many have cancellation fees that can be several hundred dollars.

    Similar to home equity loans, the amount of money you can borrow with a HELOC is based on the amount of equity you have. Usually that means you will be able to borrow some percentage of the home’s value, reduced by the existing mortgage — usually 75% to 80%. Unlike home equity loans, the interest rate on a HELOC is usually variable, so it can start low but climb much higher. HELOC interest rates are usually tied to the prime rate, reported in The Wall Street Journal, and the maximum rates are often very high — similar to the rates on a credit card.

    What Can You Do With a Home Equity Loan or HELOC?

    You can do whatever you want with a home equity loan or HELOC: finance your son’s education, take an extravagant trip, or buy a big screen television. Some people use it to consolidate debts that they’ve racked up on various credit cards.

    However, the most prudent way to spend the cash is on improving your home. If you aren’t able to pay the loan back, you risk foreclosure, but if you used the cash to improve your home, you should see an increase in its value (if you followed the advice in Nolo’s article Do Home Improvements Really Add Value?). This gives you the option to refinance if you need to and, if the value of your home has gone up, you’ll be more likely to qualify for the loan. (For more information on how refinancing can lower your monthly payment, see Nolo’s article Refinancing Your Mortgage: When It Makes Sense.)

    HELOCs work well if you are making improvements on your home and have ongoing expenses. Often borrowers get them as an added safety net, in case they need cash suddenly, but without real plans to draw on them otherwise.

    You may just want to have this source of cash in your back pocket for emergencies — but make sure there’s no requirement that you draw some amount, as some lenders require this so that they’re assured of making a little money on the deal.

    Tax Benefits to Home Equity Loans and HELOCs

    A final benefit to using a home equity loan or HELOC to improve (or even purchase) your home is that the interest is tax deductible, just as it is on a primary mortgage, up to $1 million. You can deduct only up to $100,000 if you use the money for another purpose. (However, you can’t deduct more than the house’s fair market value.)

    Also be careful if you’re subject to the Alternative Minimum Tax. In that case, your home equity loan or HELOC may be deductible only if it is used to purchase or improve the home.

    How to Get a Home Equity Loan or HELOC

    Shopping for a home equity loan or HELOC is just like shopping for a primary mortgage. You can either go to a mortgage broker or you can research loan options on your own. For more information on shopping for a mortgage, read Nolo’s article Where to Shop for a Mortgage.

    With a home equity loan, expect to pay some of the typical fees you paid on a regular mortgage, but in much lesser amounts. (Some of these fees are based on the loan amount, which is probably lower than your primary mortgage.) At the very least, you’ll have to pay for an appraisal, which is the lender’s opportunity to evaluate how much your home is worth. You may find a home equity loan without any fees, but be careful: Usually it means these costs are rolled into the loan, perhaps in the form of a higher interest rate. Costs on HELOCs are usually (but variable interest rates mean the interest payments can be much higher).

    To learn more about home buying, read Nolo’s Essential Guide to Buying Your First Home, by Ilona Bray, Alayna Schroeder, and Marcia Stewart (Nolo).


    American Lending, american equity mortgage.#American #equity #mortgage


    Why American Lending?

    Because we offer:

    American equity mortgage

    FHA, VA, Reverse Mortgage, Stated Income

    American equity mortgage

    Easy to use, No Hassle

    American equity mortgage

    of loan progress (24/7)

    American equity mortgage

    Fast and Easy loan process

    American equity mortgage

    We Pick up Our Phones!

    American equity mortgage

    48 Hours in Set up, Underwriting, Docs & Funding

    American equity mortgage

    American equity mortgage

    with our own warehouse lines

    American equity mortgage

    How we can help you?

    When you work with American Lending, you will find that obtaining a home loan will be an easy and efficient process, because we are the local industry experts. By choosing to work with us, you will be partnering with a trusted resource, equipped with years of hands-on experience with unparalleled expertise and you can rest assured knowing that you have a quality professional to assist you during the home loan process.

    At American Lending, we handle home loans for a wide-spectrum of Southern California in the local Los Angeles and Long Beach markets as well as other licensed states. We know the neighborhoods, the people and the type of homes that individuals will be looking for.

    From condos and small single family homes, to larger homes and luxury dream houses, American Lending has the right solution for your scenario.

    So if you are in the market for a new home, condo, home refinance or equity line of credit then look no further, contact American Lending.