Home equity loans
A home equity loan is an excellent source of funds, it can free up your equity in your home, and you can get cash for any purpose. You can pay off credit card debt, and get cash for home improvements. You can still keep your existing first loan,specially if you have a good interest rate, and you don’t want to refinance it.
A home equity loan will make all your monthly debt tax deductible, up to 100% of of the value of your home. These tax savings can be substantial when compared to your non tax deductible debts, like credit cards and car payments etc. A home equity loan consolidates your revolving debts like credit cards and personal loans and secured it with second loan on the property. This loan is now amortized for 15 to 30 years. The payments now are lowered as a result. Please consult your tax adviser for further details.
This loan can be a revolving line of credit, or a fully amortized 15 year loan.These loans are easier to qualify and you need a 700 FICO score to qualify.
This is an ideal loan for you if you just bought your home within the last six months and your first loan is not seasoned. This is also a great loan If you have a VA or a FHA first loan and or you want to payoff a second mortgage to get some extra cash.
Once again, this loan is generally tax deductible up to 100% of the value of your home. Please consult your tax adviser for further details.This loan can be amortized 15 to 25 years. These flexible loan terms can give you an added advantage since you can minimize your monthly payments.
The text, mortgage applications, mortgage content, calculators graphics, page layouts, computer codes,logos and slogans are the property of Alliance Mortgage and cannot be reproduced, copied, derived into another product, published, transferred, sold, hypothecated, licensed, transmitted, electronically altered, displayed or converted without written permission. Alliance Mortgage will provide the user with best possible information in all Good faith and belief and will maintain high integrity of its content and data.The information published on this website sometimes may contain inaccuracies, typographical errors, missing data,incomplete.
The website and its contents are for Alliance customers use only.