Senior Equity Loans
Good news for our seniors - you can use the equity in your home to supplement your income.
- Use the funds for day-to-day living expenses, home repairs or emergency cash
- Must be your primary residence
- No monthly payments are required
Each situation is unique, so please contact a Real Estate Consultant for personal assistance.
Features:
- 20 year term
- 65% LTV maximum
- Minimum loan amount $50,000
- Maximum loan amount $970,800
- Interest rate is subject to change every six months
- Interest rate cannot increase or decrease by more than 1% on any change date
- The maximum lifetime interest rate is your initial rate plus 6%; not to exceed 16%
Available on California and Idaho properties only.
NMLS ID #649058. Mortgages available in Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Texas (1st Mortgage only), Utah and Washington.
For mortgages in all other states click here