If you need help with expenses, a home equity loan or second mortgage allows you to borrow against the value of your home to finance the expense. You can use the cash from a home equity loan for whatever you need:
- College education
- Credit card debt consolidation
- Down payment on a second property
- Home repairs/renovations
The loan process is similar to a first mortgage. You will receive the money in a lump sum, and you will make monthly payments of a set amount over a fixed period of time. Typically, you will continue to make your original mortgage payments along with payments on the home equity loan. Interest on the loan may be tax deductible*.
* Consult your tax advisor
We can tell you more about our home equity loans and home equity lines of credit.
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What Our Customers are Saying
Todd Beal of Trident Mortgage provided excellent mortgage advice and secured us a very competitive ARM mortgage. This was all the more difficult given the fact that we came from Europe with no Social Security number, US credit history, etc. Todd is an extremely pleasant, competent and energetic mortgage professional who 'simply made it happen' despite many obstacles arising from our non-US status. We experienced super-responsive service and human engagement which was well beyond the call of duty - no "heavy selling" but real valuable advice, resulting in a very competitive mortgage. We would warmly recommend Todd to anyone in our situation.~ E.S.