Unlock Your Home's

Financial Potential

Finance Your Dream Home with Loans Up to $3 Million

Are you looking to consolidate debt, finance home improvements, or cover significant expenses like college tuition? A Home Equity Loan from Green Arrow Mortgage is the solution to access cash by leveraging the equity in your home.

Is a Home Equity Loan Right for You?

Maintain Your Current Mortgage:
If you don’t want to refinance, a Home Equity Loan allows you to keep your existing mortgage terms intact.  
Fixed Monthly Payments:
Enjoy predictable payments thanks to a fixed interest rate, making budgeting easier. .  

Home Equity Loan Requirements

Finding the right mortgage refinance rate or term can significantly impact your financial future. Explore our options:

Your Home’s Equity:

Calculate your equity by subtracting what you owe from your home’s market value to determine how much you can access.

Credit Profile:

A credit score of 680 or higher is needed to qualify for a Home Equity Loan.

Debt-to-Income Ratio:

Keeping your debt payments below 45% of your income is essential for qualification.

Maximum Combined Loan-to-Value (CLTV):

This is the total mortgage-related borrowing limits, including your existing loan and the new home equity loan.

Your Home’s Equity:

Calculate your equity by subtracting what you owe from your home’s market value to determine how much you can access.

Credit Profile:

A credit score of 680 or higher is needed to qualify for a Home Equity Loan.

Debt-to-Income Ratio:

Keeping your debt payments below 45% of your income is essential for qualification.

Maximum Combined Loan-to-Value (CLTV):

This is the total mortgage-related borrowing limits, including your existing loan and the new home equity loan.

Checking won’t affect your credit score

Need Assistance?
If you’re unsure which option is best for your unique needs, contact one of our Mortgage Loan Officers at +1 281-639-9874

A Home Equity Loan Can Help You

Refinancing your home with a jumbo mortgage is straightforward through our online application process. Our knowledgeable Mortgage Loan Officers are eager to assist you.

Consolidate High-Interest Debt:
Save on monthly payments by rolling high-interest debt into a single, lower-rate loan.  
Fund Home Improvements:
Turn your dream renovation into reality without the burden of high-interest financing options.  
Cover Major Expenses:
Whether it’s tuition, weddings, or travel, a Home Equity Loan provides a cost-effective way to manage significant purchases.  

Need Assistance?

If you’re unsure which option is best for your unique needs, contact one of our Mortgage

Why Choose Green Arrow Mortgage for Your Home Equity Loan?

Keep Your Current Mortgage Rate:

There’s no need to refinance, allowing you to maintain your existing mortgage conditions.

Access Up to $350,000:

Use up to 85% of your home’s equity to finance projects or consolidate debt.

Lower Monthly Payments:

Benefit from lower rates compared to credit cards or unsecured loans.

Personalized Support:

Our dedicated Mortgage Loan Officers will guide you through every step of the loan process.

Comparing Home Equity Loans

Choosing the right financing option for your home can be tricky. Here, we compare Home Equity Loans and Cash-out Refinances to help you find the best fit for your needs. Each option has its own benefits, so let’s take a closer look.

Description
Home Equity Loan
Cash-out Refinance
Interest Rate
Likely higher
Likely lower
Two monthly payments
One monthly payment
Length of Loan
10, 15, or 20-year terms
From 8 up to 30-year terms
Closing Costs
Yes
Yes

FAQs

Q: What is home equity?

A:Home equity is the amount of your home’s value minus your mortgage balance. For example, if your home is valued at $250,000 and you owe $150,000, your equity is $100,000.

A: To estimate your home equity, subtract your mortgage balance from your home’s market value. Remember, you may need to retain a portion of your equity when taking cash out.

A: After discussing your goals with a Home Loan Expert, we’ll assess your home’s value through an independent appraisal. Upon approval, funds will be provided as a lump sum, ranging from $35,000 to $500,000.

A: Homeowners often use these loans for renovations, paying off debt, or covering educational expenses. The funds can be used for virtually any purpose.

A: While applying for a new loan may temporarily lower your credit score, it can improve over time as you manage your debt responsibly.

Get Started Today!

Ready to tap into your
home’s equity?

Call +1(832)821-4441  to connect with our knowledgeable Home Loan Experts or start your application online today.

Learn More About Home Equity Loans

Considering refinancing your mortgage? Here are some helpful resources to get you started:

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