Reece Pettersen
Well-known member
- May 6, 2021
- 308
- 388
If you can borrow money at a lower rate than your risk-adjusted expected return, why wouldn’t you take advantage of that spread?If you can't pay cash, you can't truly afford it.
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If you can borrow money at a lower rate than your risk-adjusted expected return, why wouldn’t you take advantage of that spread?If you can't pay cash, you can't truly afford it.
Hey guys,Hey Guys,
I just wanted to share that I have been getting a ton of calls from previous clients that want to get some equity out of their homes. Since they all have 3% and lower mortgage rates I have been selling a lot of HELOAN's (Home Equity Fixed Loans). HELOAN's are very easy to obtain with no appraisal in most cases. Rates vary depending on value and FICO score but rates are as low as 7%. HELOAN's terms can be 10yrs, 15yrs, 20yrs, and 30yrs fixed.
HELOC's (Home Equity Lines of Credit) are a variable rate second with rates ranging from 8.25%-12% of course depending on value and FICO score.
If anyone is looking to tap into some of their equity without touching their 3% fixed 1st mortgage loan let me know. I am here to help.
IIRC, you can do biz in AZ, correct?Hey guys,
We just got another pricing improvement. Now the fixed HELOAN is as low as 5.77% on approved credit and values.
Unfortunately I am not but I can get you in touch with someone who is.IIRC, you can do biz in AZ, correct?