It was a pleasure working with Mr. Cardenas. Very helpful, resourceful and very good advice. Will come back and will recommend to all. Thank you.
Great group to work with. Helped us obtain a construction loan for our addition. Very easy to work with, explained everything along the way, and always available to answer any questions we had. Highly recommend them.
I had the pleasure of working with Stalin Cardenas a number of times over the years to renew our mortgage. He’s always been amazing and there when we need him, however this occasion was different and complicated due to the fact we were not just renewing, we sold our home and purchased a new one and it had complications a long the way due to the buyer being laid off and getting snd extension on our property closing date which lead us to have to do an unexpected bridge mortgage for our new property and Stalin was there immediately to solved every problem that arose with the situation and made everything work out smoothly for the expected closing date on our new property. He worked miracles this time for us and I’m happy that I was with someone familiar and felt extremely safe and taken care of in these unexpected times and situation that we were faced with...We are giving him a 20 out of 10 for handling this situation with such ease and making us feel no worries when there could have been a lot to worry about and working so extra hard in these times for people like us who really need his help. Happy he was there is an understatement! Corinne and Frank
Nima Shadman was my agent and was excellent. Fast contact, fast responses, excellent service. Highly recommended A+++++++++
Harsh and Jay were amazing. We were dealing in a highly complex deal and they really came through for us. I would most definitely use them again.
A Home Equity Line of Credit, or HELOC as it’s known, allows you to borrow up to a certain amount of the appraised value of your home at low mortgage interest rates. You can borrow as much, or as little, as you need and only pay interest on what you use.
As you pay down the principal on your mortgage over time, the line of credit limit increases, giving you access to more of your money. This can create breathing room to accommodate emergency expenses, credit management ,or even home renovations.
A HELOC can be used in addition to your mortgage or as a stand-alone product. That means you can refinance your home by using a HELOC; with the remaining balance being paid as a fixed-term mortgage!
It’s that flexible!
A home equity line of credit and credit card are very similar in some ways but there are distinct advantages by choosing to secure a HELOC.
For example, you get a much better interest rate coupled with a flexible repayment schedule and fixed spending limit (based on home equity).
Some of the benefits of a HELOC that homeowners find most attractive are:
A home equity line of credit gives homeowners the freedom to spend their money when they like and repay it in a way that best
suits their financial needs. It is the ideal choice for homeowners who need continuous access to equity on their own terms.
Not only is the repayment schedule flexible, but the interest rate you pay on a home equity loan, while higher than that of a first mortgage, is drastically lower than what you’d pay on a credit card or other consumer loans.