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Welcome to our HELOC Section! Thinking about tapping into your home’s equity? Our HELOC solutions could be just what you need. They’re designed to work with your financial plans, all while keeping your first Trust Deed’s low interest rate intact.
Every homeowner’s story is different, and we get that. That’s why we tailor our approach to fit you – like understanding how your current mortgage, with a loan amount of , plays into the picture. Our goal? To line up a HELOC that really matches what you need.
Interested in seeing how a HELOC could benefit you? Drop us a line for a chat that’s as unique as your financial journey and home situation.
Cheers,
Brian Lardner

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Crown Mortgage of the West: Your Trusted HELOC Lender

Crown Mortgage of the West has earned a strong reputation in the mortgage industry as one of the nation’s most active and knowledgeable HELOC lenders. Our commitment to upholding stringent standards for financial products remains unwavering.
When it comes to Home Equity Line of Credit (HELOC) loans, we take a meticulous approach. Every one of our HELOC offerings is carefully priced by over 50 different wholesale lenders, each with distinct criteria for debt-to-income ratios, loan-to-value ratios, and geographical locations. This extensive evaluation ensures that we can provide tailored HELOC solutions that precisely match our clients’ unique financial needs and circumstances.
At Crown Mortgage of the West, we’re dedicated to delivering customized solutions that align with your specific requirements. You can trust us as your partner in the world of HELOC loans, known for our expertise and commitment to providing the right solution for you.

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What is HELOC?

  • Home Equity Line of Credit (HELOC): A flexible financial tool for homeowners.
  • Borrowing Against Equity: Allows borrowing against the equity built up in your home.
  • Equity Explained: Equity is the difference between your home’s value and the mortgage amount owed.
  • How HELOC Works:Revolving Credit: Similar to a credit card, with your home as collateral.
  • Draw Period: Typically 5-10 years to draw funds up to a lender-set limit, paying interest only on borrowed amount.
  • Flexibility: Funds can be drawn, repaid, and re-borrowed for various needs like home improvements or debt consolidation.
  • Repayment Period: Post-draw period, usually 10-20 years, to repay the borrowed amount with interest.
  • Risk: Potential foreclosure if payments are not made.
  • Interest Rates: Typically lower than credit cards, but variable, leading to fluctuating payments.
  • Consideration: Advisable to consult a financial advisor to assess suitability for personal financial circumstances.

Maximize Your Financial Flexibility with a HELOC

Experience Financial Freedom

With our HELOC solutions, you only pay interest on the amount you borrow. This makes it a smart, budget-friendly choice for your financial toolkit.

Emergency Readiness at No Extra Cost

Our HELOC offers you the peace of mind to be prepared for any unforeseen financial needs. The best part? It costs you absolutely nothing to have this safety net in place when not in use.

Ready Funds for Your Needs

Imagine having access to funds for emergencies, home improvements, or other significant expenses without worrying about immediate costs. With our HELOC, you have the flexibility to borrow as much or as little as you need, whenever you need it, without any non-utilization fees.

Smart Financial Planning

Setting up a HELOC is a proactive step in managing your financial future. It's there when you need it, without any cost when you don't, ensuring you’re always prepared.

Here are some of the uses of our HELOC

Emergency Fund
Establish a readily accessible financial safety net for unexpected expenses like medical emergencies or sudden job loss.
Major Life Events
Fund significant life events such as weddings, milestone anniversaries, or once-in-a-lifetime family vacations.
Debt Consolidation
Combine multiple high-interest debts into one line of credit with a lower interest rate, simplifying payments and reducing overall interest costs.
Home Improvements
Finance renovations or repairs to enhance your home's comfort, functionality, and resale value.
Education Expenses
Cover tuition, books, and other education-related costs for yourself or family members, investing in future career prospects and earning potential.
Refinancing High-Interest Loans
Replace high-interest loans like auto loans or personal loans with a lower-interest HELOC, reducing monthly payments and interest expenses.
Green Home Upgrades
Invest in energy-efficient upgrades like solar panels or energy-efficient windows, which can reduce utility bills and may qualify for tax incentives.
Investment Opportunities
Use the funds to invest in stocks, bonds, or other investment vehicles, potentially growing your wealth over time.
Property Purchase
Utilize a HELOC for a down payment on a second home or investment property, expanding your real estate portfolio.
Business Ventures
Invest in a new business or grow an existing one, providing the capital needed for expansion, equipment, or operations.

Why it's time for a HELOC

Homeowners are choosing to improve their existing home using cash from their HELOC, while enjoying the benefits of their existing low interest rate mortgage.

Record-High Home Price Increases
A surge in home prices has significantly increased home equity for many homeowners.
High Equity Levels
A report from ATTOM indicates that a large percentage of mortgaged homes in the U.S. are "equity rich," meaning the loan balances are 50% or less of their estimated market value.
Refinancing Alternatives
With rising interest rates, homeowners are finding home equity loans more attractive compared to high interest rate cash-out refinancing options.
Limited Housing Inventory
The scarcity of homes for sale is prompting many homeowners to stay put and use home equity loans for renovations instead of moving.
Affordability Compared to Other Credit Types
Home equity loans often have lower interest rates compared to credit cards and other forms of credit, making them a more cost-effective option for homeowners.
Flexibility of HELOCs
Home equity lines of credit (HELOCs) offer a flexible borrowing option, allowing homeowners to draw funds as needed and pay interest only on the amount borrowed.
Home Improvements
Many homeowners are using home equity loans to fund renovations and upgrades, enhancing their living space and potentially increasing their home's value.
Financial Stability
Home equity loans are being used to improve financial stability, such as funding home improvements that add value to the property
Debt Consolidation
Homeowners are consolidating high-interest debts using home equity loans, which typically have lower interest rates.

Advantages of Choosing Our HELOCs

Debt Consolidation for Financial Efficiency

Debt consolidation through a home equity loan is a practical financial strategy. Homeowners can leverage the equity in their property to secure a loan with a lower interest rate compared to unsecured debts like credit cards. This not only simplifies their financial management but also reduces the overall interest expenses, potentially saving them a significant amount over time.

Home Renovations for Enhanced Property Value

Using a home equity loan to invest in home improvements can be viewed as a strategic investment. It allows homeowners to enhance the value and functionality of their property. Upgrades such as kitchen remodeling or bathroom renovations can not only improve the quality of living but also increase the resale value of the home.

Emergency Funds and Financial Security

Maintaining financial stability often involves having an emergency fund. A home equity loan provides homeowners with a readily available financial safety net for unexpected expenses. This quick access to funds can prevent financial distress during unforeseen situations, reducing the need for high-interest borrowing.

Education Financing for Future Earnings

Financing education expenses, whether for personal growth or for family members, is an investment in future earning potential. Homeowners can use their home equity to fund education, potentially leading to higher income and career opportunities. This long-term financial gain can offset the cost of the loan.

Investment Diversification for Wealth Accumulation

Leveraging home equity for investment opportunities allows homeowners to diversify their investment portfolio. This diversification spreads risk and can potentially lead to higher returns. While investment carries inherent risks, it can be a calculated financial strategy when approached with careful consideration and expertise.

In summary, a home equity loan offers homeowners a range of opportunities to enhance their financial flexibility. These include debt consolidation for efficiency, property improvements for increased value, emergency funds for financial security, education financing for future earning potential, and investment diversification for wealth accumulation. Homeowners should approach these options thoughtfully, considering their unique financial goals and risk tolerance to make informed decisions.

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