The Home Equity Line of Credit Solutions
 

Owner or non-owner occupancy allowed.

First or second position

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Loan amounts $100,000 to $1,000,000

 

Loan term 61 months: 24-month draw period

with 37-month repayment period; interest only payments

 

First position rates starting at 7.95%; second position starting at 11%

 

No prepayment penalty

 

Loan to value 65%

 

Origination Fees starting at 1.5% of total line amount