HELOC CASH OUT LOANS
Heloc Cash Out Refi Mortgage Specialist Blissful Mortgage
Heloc is a Home Equity Line Of Credit. It can close fast, it is easy and no appraisal needed. Great way to tap into your homes equity without changing your current mortgage terms and conditions. It can later be payed off by a Refinance loan.This option allows you to withdraw the cash as and when you need it or not use it at all. A HELOC is often used as a backup strategy for example if you lose your job or need to pay off debt. Like a home equity loan, a HELOC can be used for anything you want. However, it’s best-suited for long-term, ongoing expenses like home renovations, medical bills or even college tuition.
5 Day HELOC:
Min score 640
Stand Alone HELOC – Primary Residence, Second Home or Investment (SFR, Townhome, Warranted Condo Only)
Funds available in as few as 5 days
No restrictions on use of cash out
Up to 80% combined loan to value
No standard appraisal
Standard HELOC
Primary and Second Homes – Single family, 2-4 unit, PUD and Warranted Condos
20 year term – First 10 years Interest Only – Years 11-20 Repaid in Full
Min FICO 640
Max Loan to value 85%
Max DTI 50%