Mortgage Broker Oakhurst CA | Home Loans | Granite West Funding
If you are looking for a competitive loan for home purchase, refinance or construction in Oakhurst or anywhere in the state of California, Granite West Funding can connect you with a loan suitable for your needs.
If you need some extra money to help you cover expenses, you may be looking for a way to tap into the equity you have built up in your California home. At Granite West Funding, we offer both second mortgages and home equity lines of credit (HELOCs), providing you with the flexibility to choose a product which is right for you.
With a HELOC, you receive a revolving line of credit. You can use it in a manner similar to how you would use a credit card.
A second mortgage is a product which likewise helps you leverage your home’s equity, but as a lump sum rather than a line of credit.
If you are eligible for a VA mortgage in Oakhurst or elsewhere in California, these are the advantages you can expect:
Access the equity in your home to help you fund home improvements and other expenses.
Choose a disbursement form which is most suitable to you (lump sum or line of credit).
A range of loan terms is available so that you can repay on a schedule that meets your requirements.
With a HELOC, you can borrow to a limit as high as 90% of your home equity.
These two types of loans usually have competitive interest rates and may lack some of the fees which would be common with regular lines of credit.
To be eligible for a HELOC or second mortgage, you must:
Own sufficient equity in your home to borrow against.
Document steady employment.
Show a competitive credit score and debt-to-income (DTI) ratio.
Other aspects of your financial history may also be assessed.
If you are ready to tap into your home equity through a second mortgage or HELOC in California today, please give us a call at 559-540-2275. We look forward to discussing your goals and connecting you with the right product during your free consultation.
Granite West Funding, LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.