Home Equity Loan FAQ's
Do your home
equity loan rates beat your competition's rates?
Yes. Because we
put all of our focus into residential mortgage lending, we have
more leeway in the world of mortgage banking. Also, due to
being an online company, we can work from many places throughout
the world and save money on building costs, resulting in a low
|Is there a
difference between applying at a mortgage lender or a bank?
The only difference is what they call themselves. Your main
concern should be to obtain the lowest home equity loan rates
possible - and to get everything guaranteed in writing like we
do for you.
Should I apply for an adjustable rate or a fixed rate?
One is not necessarily better than the other. It all depends on
what your particular circumstances necessitate. At Home Equity
Loans.org, we have trained account personnel ready to analyze
your case and divulge your options and the choices you can
|Can I get a rate
in writing prior to applying for home equity loans?
At Home Equity Loans.org you can. We understand that you are
looking for the best rate possible, which is why we give all our
home equity loan rates in writing. We do this because not only
do we want you to have confidence in us, we too are confident
that we will give you the best rate you can get for a home
equity loan online.
significant about fees?
Just like home equity loan rates, fees vary with the
lender. At Home Equity Loans.org, you will see that our rates
go hand in hand with our fees - Our loan packages and fees are
the best online.
Is the application process overbearing and lengthy?
Surprisingly it is not. Because we work online and inundate
your application with high speed computer processing systems,
not only can we approve home equity loans within one hour and
have them signed within 24 hours, we have the power to lower
home equity loan rates and fees.
|What is Home
Equity Loans.org classified as?
Technically, we are a mortgage
broker. Direct lending is our specialty, which entails that we
help process loan approvals and find you the money required for
closing a home equity loan.
|Should I be
familiar with the phrase "Bait & Switch"?
Indeed you should. This term refers to the practice some
lenders use when offering home equity loan rates. During the
application process they will quote you an amazingly low rate to
"bait" you into signing. However, once you sign, you are
approved at a much higher "switched" rate than what they quoted
you for. And once you sign, it is too late to turn back. To
avoid this type of bad business, demand and make certain all
home equity loan rates and fees will be given in writing at the
time of applying. At Home Equity Loans.org, we do just that.
|What steps can I
make to be certain a lender is reputable and honest?
Touch base with the Department of Banking in the state you
reside. Mortgage bankers are usually monitored by this
|Is it possible
to receive loan prequalification?
At Home Equity Loans.org it is. We understand that home owners
are more inclined to sell when they see that a potential buyer
has already been pre-approved. That's why we offer
prequalification by giving you a maximum loan amount before you
purchase a home. Besides the peace of mind you have in knowing
your loan has been approved, you will have more bargaining power
with the seller!