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Gain the Financial Freedom You
Want
Your home equity can be used to renovate or add beautiful upgrades
to your home, save you money on other higher interest rates loans,
pay for college education and much more - and possibly provide the
benefit of income tax savings. Your home equity loan can give you
the financial freedom you've been looking for.
Using the Equity in Your Home
A home equity loan is a loan based on the equity you have in your
home. Your equity is the difference between what you owe on your
home and its appraised value. There are two common types of home
equity loans.
- Home Equity Line of Credit
The most popular is a home equity line of credit. The home
equity line of credit is similar to a credit card in that an
upper limit is set, you can borrow and repay as you like and
you pay interest only on the amount you are using. The interest
rate usually varies with the prime rate. It's best suited for
short terms needs such as consolidating debt.
- Fixed Rate Home Equity Loan
The other popular home equity loan is the fixed-rate home equity
loan. This loan is for a specific amount with a fixed monthly
payment and usually a fixed interest rate. The fixed-rate home
equity loan is best suited for larger loans such as remodeling,
renovations and additions.
Fast, Easy, Low-Cost
Apply online now or talk with
a loan officer today to see if a home
equity loan is right for your needs. It's easy to apply and you
will usually get your money in just 30 - 60 days. In many cases
there is no expense out of pocket as the closing costs can be rolled
right into the loan.
[Apply
Online] [Frequently Asked Questions]
[Loan Officer Directory]
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Mortgage Master Service Corporation
24909 104th Ave SE, Suite 100
Kent, WA 98030
Phone: 253-859-5300 Toll Free: 800-583-7200
Fax: 206-382-9612 (Seattle line)
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