Texas Lending Offers Equity Loan Options

© Copyright 2010 CorbisCorporationTexas Lending offers numerous loan programs to fit a variety of needs. In this short interview, the Consumer’s Choice Award-winning mortgage company answers questions about equity loan products and availability.

Q: What is a home equity loan?

Texas Lending: An equity loan is a financial product that allows a homeowner to use the equity in his or her home as cash to pay off higher interest debt, make home improvements, or possibly purchase additional property while remaining in the primary residence.

Q: Are there different types of home equity loans?

Texas Lending: Yes! Homeowners with a credit score of at least 660 may qualify for a Home Equity Cash Back refinance loan. This delivers cash at closing and is a perfect option for a client who would rather access their equity than apply for a line of credit. We also offer reverse mortgage programs for seniors over the age of 62. There may be other options available depending on a person’s credit, income, and available equity.

Q: Can Texas Lending cash out 100% of equity?

Texas Lending: We offer home equity of 70% and 80% on rental properties and primary homes respectively.

Q: What are the benefits of using Texas Lending over other mortgage lenders in the area?

Texas Lending: We are the premiere lender in Texas and have been named the top pick in the Consumer Choice Awards for 8 years running. Our phones are answered by real people, meaning there is no endless button pushing to talk to a mortgage expert. One of the best advantages is the availability of our E-signature loan application, which can shave weeks of the process. We have helped thousands of Texans reduce their interest payments (some by up to $400 a month!) by finding an equity solution that fit their situation.

 

TexasLending.com

4100 Alpha Rd

Dallas, TX 75244

NMLS# 137773

NMLS# 138112

TexasLending.com

Advertisements