Equity Loans
What is a Equity Loan
An equity loan is a loan that is provided to a property owner. Commonly, an equity loan is provided to consolidate debt, as business capital, or for personal use.
Financial institutions have strict lending criteria and it can often be difficult to obtain an equity loan. In contrast, private lenders are less stringent and use common sense underwriting. Private lenders are focused on equity, rather than income or credit.
An equity loan is provided based on a percentage of the equity in a property. The more equity you have, the larger an equity loan you can likely obtain.
An equity loan can be registered against your property as a first mortgage, second mortgage, or third mortgage. Commonly, equity loans are provided as second mortgages. The reason for this is because most property owners already have an existing first mortgage with a low rate.
Therefore, it is more financially feasible to obtain a smaller second mortgage than refinance the whole property. Equity loans are frequently obtained to satisfy short term goals that eventually lead to meeting long term objectives.

How to Qualify for a Equity Loan
To qualify for an equity loan, you must own a property and have sufficient equity.
We are an equity-based lender. Regardless of income or credit, if there is sufficient equity, you are approved.
Get a Equity Loan
Interested in getting an equity loan?
Contact us to get started.