As a mortgage broker, we can broker to many different lenders. Here we feature Symmetry Lending. Symmetry offers home equity lines of credit (heloc). We are seeing more of a demand for helocs lately as property values have increased and homeowners do not want to refinance the 2-3% interest rate they have on their mortgage. Instead, they can get a line of credit as a 2nd mortgage to use for home improvement or debt consolidation. Depending on the amount you borrow, we can do an effective rate calculation, which will determine if the combined rate of the 2 mortgages would be more or less than if you refinanced the first mortgage and took cash out. We can help you determine the best way to manage your debt. We work for you, not the lender.
John Rapasky
Counsel Mortgage Group, LLC
Licensed in Arizona, California, Hawaii, and Illinois
NMLS 178927 | AZ MB 0909580 | CA DBO 60DBO 43873 | HI – 178927 | IL MB.6761723 NMLS LO 179539 | AZ LO 0911590 | CA MLO CA-DBO 179539 | HI – 179539 | IL LO 031.0077279