Are you seeing advertisements for Home Equity Investments or HEI? They offer a simple process to withdraw cash from your home and don’t require immediate payments. What a great deal!!
WARNING, read the fine print, as these equity investments or loans may cost you A LOT MORE MONEY in the short or long-term.
Example: Rachel scenario, $35,000 in cash, but $86,000 cost to pay off 1 year later.
She has requested to pay off the outstanding amount so she can get another loan option. Lender Point is not responding to requests to negotiate the terms and appears to be providing terrible customer service. So, while their terms may seem great in the advertisements, a HELOC or fixed rate 2nd is usually a much better option.
When you want the best CASH-OUT loan options, HELOC, fixed rate, or refinance, call Dan the Man for Mortgages, 714-310-4162. HELOC rates starting as low as 3.99% for 12 months.
Rave client review on Google:
“Great experience with Dan Stone! Could not have gone any better.” -Marc M.
“Great experience with Dan Stone! Could not have gone any better.” -Marc M.