Our Equity Advancer First Lien Home Equity Line of Credit provides the opportunity to significantly increase the equity in your borrowers' home by providing a checking account and Line of Credit combination.
Do your borrowers keep a balance in their checking, savings or money market accounts? This works to your borrowers' advantage with Equity Advancer. By providing a checking account that sweeps daily against the balance of their Home Equity Line of Credit, you can help them significantly reduce interest and pay down their mortgage much faster than a traditional amortized mortgage.
Unlike traditional mortgages, where payment levels don't change without the cost and requalification of refinancing, the borrower's scheduled (or minimum) monthly payment with Equity Advancer immediately decreases in proportion to any principal paydown.
If they need an advance for home improvements or life’s surprises, no problem with available credit up to 85% of their homes' value we have them covered. Help them get the best of all worlds, by helping them build and have access to their home equity with the Equity Advancer.
Try our interactive calculator to see the potential Equity Advancer you can offer.
How does Equity Advancer improve home equity?
· Lower mortgage balance
· Lower overall interest expenses
· Reduced loan pay off time
· Available credit for improvements and repairs
· Consolidate higher interest debt
· Flexibility for life’s surprises
