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Home Equity Loans

Fixed Rate Installment loan

Getting cash out of your home without refinancing the 1st mortgage is considered a home equity loan. Smart Home Equity is your online connection to lenders that offer competitive fixed home equity loans with lending offers for low rate equity loan refinancing to 100 percent loan to value. Home equity loans are installment loans that have fixed interest rates. Most borrowers take out home equity loans with repayment plans that range from 10-30 years. According to Ted Sullivan from Home Equity Source, "the fifteen year term is the most common amortization schedule that homeowners select for loan terms." 100% loan opportunities are scarce in these economic times, so discuss our unique equity loan options with a mortgage consultant today.

Smart Home Equity has worked hard to maintain strong relationships with the top home equity lenders in the country translate to low rate cost effective home equity loans and credit lines for you. As the credit markets tighten, consider home equity refinancing for cash out if you are not initially approved for an equity loan.

  • Fixed Rate Home Equity Loans
  • Cash Out Home Refinancing
  • Second Mortgage Refinance
  • Stated Income Home Loan
  • Self-Employed Equity Loan
  • VA Loan Refinancing to 100%
  • No Cost Home Equity Loans
  • No Mortgage Insurance
  • No Income Verified Loans
  • First Time Homebuyers OK
  • Home Improvement Funding
  • Approved for FHA Loans

Homeowners in every state are quickly converting their variable interest credit lines into fixed rate home equity loans because the rates are low and it makes budgeting so much easier. What a great time it is to pay off past due bills or simply roll all your adjustable rate loans into fixed rate equity loan with a better interest rate.

According to Nationwide, "Taking out an equity loan to consolidate compounding interest on credit cards is a wise financial move." A recent report indicated that “home-equity loans stood at $465 billion in the week ended Oct. 18, the Fed reported on the 25th, $25 billion more than a year ago. Since the end of 2003, the percentage of loans in negative amortization has gone from 1% to 47%. A loan goes into negative amortization when the minimum payment doesn't cover the interest and the shortfall gets tacked to the loan balance. This is common with payment option ARMS (adjustable rate mortgages) because most people choose the minimum payment option for affordability.

Borrowers with home equity lines of credit (HELOCs) have seen their interest rates nearly double over the past two years as the Prime Rate has jumped from 4% to the current 8.25%. The interest rates on 2nd mortgages and home equity lines of credit have recently risen to a level above that of 30-year fixed home equity rates. This has spurred additional refinancing activity. "For the most part, what you see is people paying off their line of credit with a fixed-rate, closed-end second mortgage," says Bob Walters, senior vice president of Quicken Loans. He says about seven in 10 new second mortgages is a home equity installment loan, whereas a year ago it was one in 10.

The Federal Reserve's market forecast indicates that the average real gross domestic The (GDP) growth rate from mid-2006 to the end of 2007 of about 2.5%, moderately slower than the future trend growth rate of about 3% in the U.S. economy. According to Investopedia, the GDP is commonly used as an indicator of the economic health of a country, as well as to gauge a country's standard of living. Mortgage rates are forecasted to decline over the next year by only a modest amount, so now is not a time to wait for rate drops because it probably won't happen.

If you need a home equity loan, now is as good a time as any to get it. The process of getting a home equity loan as a first time homebuyer is similar to the process for any other home owner except that most mortgage lenders use the purchase price for value purposes when approving an equity loan rather than an appraisal, as they would with homeowners who have had their property for more than a year. Few home equity lenders will allow appraised value less than 1 year in the home, and very few will allow no seasoning with appraised value used for qualifying. Seasoning is the amount of time the homeowner has had the first mortgage loan.

Additional Home Equity Options from Smart Home Equity
Home Equity Loans
2nd mortgage liens for debt consolidation or home repairs.
Second Mortgage Refinance
Pay off your HELOC or 2nd ARM with a reduced fixed rate mortgage.
Home Equity Credit Line
Revolving credit that can be accessed as cash against home equity.
Interest Only Home Equity
These are Popular HELOCs or hybrid loans that promote flexibility with interest only payment due.
Home Equity Loan Refinance
Most people like this to refinance credit cards, but refinancing variable rate equity loans with a fixed rate loan also makes sense.
Bad Credit Home Equity Lines
Get money for debt relief and consolidation even if your credit scores are bad.
FHA Streamline Refinance
Get rewarded from FHA for refinancing into a lowered payment insured by the government.
Debt Consolidation Loans
Eliminate revolving accounts and consolidate bills and lower your monthly payments and save!

 

The residential financing team at Smart Home Equity can help you minimize interest while seizing great financial rewards from the equity in your home. Shop and compare home equity loans and terms from reputable lenders.
Fixed Payment Home Equity Loans

Utilize your home equity!
Most homeowners are getting wise to adjustable rates, but if you have put off consolidating your credit cards or variable line of credit, take a minute and discuss a fixed payment home equity loan that could save you quite a bit of cash over the years.
Cash Back Equity Loans
100% Home Equity Loans
Interest Only Equity Credit Lines

Pay interest as you use!
Home equity credit lines offer so much strength to homeowners when just considering their potential. They are great for investing or emergencies and you only pay interest when you use the line.
Home Credit Lines
Home Improvement Loans

Finance Home Remodels

Homeowners should stop using their credit cards to finance home improvements because the interest rates for fixed rate home equity loans are much lower & they will be able to borrow more to get their projects done right the 1st time.
Pool Construction Loans

Home Construction Loans

Build a New Home!
Building a new home is not as cumbersome as many homeowners believe. Smart Home Equity works with construction lenders who have automated the process.


Home equity loans are subject to lender and underwriter approval. This is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. Disclaimers
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