Home Equity Loans
Advanced Financial offers fixed rate home equity loans (2nd mortgages) and a variable rate home equity line of credit loan (HELOC).
Tap the equity in your home for home improvements, vacations, debt consolidation, education or medical expenses, large ticket purchases, and more.
Features
- Borrow up to 75% of the value of your home (less any first mortgage)
- Loan Amounts to $250,000
- Low closing costs
- HELOCS provide the flexibility to access funds as needed and payments that adjust based on the interest rate and amount borrowed.
- HELOCS have an 8-year draw period and 7-year repayment – payments are made throughout the life of the loan.
- 2nd mortgages provide a lump sum with a fixed interest rate and fixed monthly payment for the life of the loan.
- Discounted rate for loans on properties without a first mortgage.
- Available on NJ Properties Only.
- Interest on the loan may be tax-deductible
(consult your tax advisor for full details).
