Home Equity Loan Arizona
An equity loan can be defined as the difference between what your house is worth in today’s market, and how much you currently owe for the property. For example, if your home is appraised at $225,000 and you have an outstanding balance of $75,000, then you have $150,000 of home equity.
With this in mind, a Home Equity Loan is basically a line of credit secured by a second mortgage on a property. You can borrow against what you have already paid, so long as you don’t exceed the maximum loan amount previously agreed to by you and the lender. In Phoenix, Arizona, finding the right Home Equity Line of Credit (HELOC) lender is no longer a mystery. MMG Group at Nova specializes in ensuring we secure you the optimal home equity loan regardless of your location in Arizona because we service Scottsdale, Chandler, Mesa, Tempe, Paradise Valley, Peoria, Gilbert, Cave Greek, Carefree, Glendale, Avondale & Sun City. Call us today to discuss all of your HELOC needs and one of your loan specialists will be happy to assist.
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*The Product/Program information contained here is educational only and does not represent actual rates or financing terms.