Currently Browsing: HELOC

Information About Second Mortgages

Information About Second Mortgages

In my last blog article, I provided information on Home Equity Lines of Credit (HELOC).  Sometimes, however, that can be referred to by a different name.  Many homeowners have heard the term “second mortgage,” but not everyone knows exactly what it is…

Read More November 12, 2015
Home Equity Lines of Credit

Home Equity Lines of Credit

Unlike 30 year mortgages, the interest rates on most Home Equity Lines of Credit (HELOC) are based on the Prime Lending Rate. So when you hear the FED talking about raising interest rates, HELOCs are directly related to these hikes. In fact,…

Read More November 5, 2015

Franklin Loan Center | NMLS 237653
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