Maximize your equity!
Lower your mortgage rate
A Home Equity loan is fixed-rate loan against the equity in your home. The interest rate on these loans is typically higher than the prime rate and first mortgage rates. A Home Equity Loan requires the borrower to take all the proceeds at the time of closing. Therefore, interest is accrued from the moment you sign the note - not when you start using the money.
Advantages of Home Equity Loans
- Your rate is fixed and will not change for the term of the loan.
- Offers peace of mind in knowing that your payment is fixed and will not change for the duration of the loan.
Minimum Loan Amount - $10,000.00
Maximum Loan Amount - $252,000.00
Please note that you have to pay interest on the entire loan amount. If you want to increase your loan amount, you have to refinance.
Home Equity Line Of Credit
A Home Equity Line Of Credit (HELOC) is a revolving line of credit secured by the equity in your home. These programs are primarily second lien positions and are most commonly used by consumers to consolidate credit card or other kinds of debt and to make home improvements. Contact us.
Advantages of HELOC Loans
- Great for emergency reserves
- You only pay for what you use.
- Excellent for debt consolidation
- Excellent for projects such as home improvement, etc. where payments are often made in installments
You should know.
Please note that your interest rate is adjustable; it can change quickly and often. Interest is calculated on a Daily basis instead of a Monthly basis.
Browse our Rates
|4.125%||4.128%||0||No Closing Cost Loan!||Apply|
|4.00%||4.05%||0||You pay Third Party fees only!||Apply|
|3.875%||3.96%||.50||You pay Third Party fees only!||Apply|
|3.75%||3.98%||.75||You pay Third Party fees only!||Apply|
|3.875%||3.91%||0||We pay all Closing Cost!||Apply|
|3.75%||3.781%||0||You pay Third Party fees only!||Apply|
|3.625%||3.76%||.25||You pay Third Party fees only!||Apply|
|3.50%||3.69%||1.00||You pay Third Party fees only!||Apply|
|3.375%||3.41%||0||We pay all Closing Cost!||Apply|
|3.125%||3.128%||0||You pay Third Party fees only!||Apply|
|3.00%||3.13%||.375||You pay Third Party fees only!||Apply|
|2.875%||3.11%||1.00||You pay Third Party fees only!||Apply|
|3.25%||3.28%||0||We pay all Closing Cost!||Apply|
|2.875%||2.891%||0||You pay Third Party fees Only!||Apply|
|2.75%||2.85%||.375||You pay Third Party fees Only!||Apply|
|2.625%||2.89%||1.25||You pay Third Party fees Only!||Apply|
|3.375%||3.381%||0||We pay all Closing Cost!||Apply|
|3.125%||3.128%||0||You pay Third Party fees only!||Apply|
|3.00%||3.11%||.375||You pay Third Party fees Only!||Apply|
|2.875%||3.09%||.50||You pay Third Party fees Only!||Apply|
|3.625%||3.661%||0||We pay all Closing Cost!||Apply|
|3.25%||3.28%||0||You pay Third Party fees Only!||Apply|
|3.125%||3.26%||.50||You pay Third Party fees Only!||Apply|
|3.00%||3.29%||.75||You pay Third Party fees only!||Apply|
|3.75%||3.80%||0||We pay all Closing Cost!||Apply|
|3.625%||3.651%||0||You pay Third Party fees Only!||Apply|
|3.50%||3.55%||.25||You pay Third Party fees Only!||Apply|
|3.375%||3.48%||.75||You pay Third Party fees Only!||Apply|
|4.375%||4.391%||0||No Closing Cost Loan!||Apply|
|4.25%||4.271%||0||You pay Third Party fees only!||Apply|
|3.625%||3.76%||.50||You pay Third Party fees only!||Apply|
|3.50%||3.68%||1.25||You pay Third Party fees only!||Apply|
Now that I'm in the process, what's next?
- 1 Initial Consultation - Day 1
Our initial counseling session is simple and typically takes about 10 - 15 minutes. During this step, we analyze your goals and make initial determinations as to what loan products might suit your needs the best. The overall objective of this process is to give you the necessary information pertaining to the loan programs, competitive rate offerings, lender fees & third party fees.
- 2 Application - Day 1
Purpose of loan application is for us to get the information required by federal law to obtain a residential mortgage loan. The application process is one of the most vital parts of the loan process since it is the basis on which the lender processes, underwrites, and ultimately funds the loan. Thus, the information provided in your loan application document must be thorough and precise.
- 3 Disclosure and Documentation - Day 1-3
Disclosures along with a Rate Lock Confirmation will be sent out via mail or electronically within three business days of your loan application. As a part of the process, a list of required supporting documentation is needed to process the loan. These documents typically include bank statements, W2 forms, and other income related materials. It is essential that this documentation, along with your signed disclosures be returned to your mortgage advisor within 48 hours of the request. Upon receipt of this documentation, the appraisal and title will be ordered by our staff on your behalf.
- 4 Loan Submission - Day 4-9
After the signed disclosures, required documents, and an appraisal have been received, the loan will be transferred to the underwriting department. The underwriting process involves detailed analysis and due diligence by the lender to ensure the authenticity of borrower's documentation and the appraisal. It also comprises of an appropriate review of the borrower's credit and financial standing with an objective of determining the borrowers credit worthiness pertaining to the desired mortgage loan.
- 5 Loan Approval - Day 10-17
Loan approval may be obtained in stages. Usually within one to three days, your mortgage advisor should have a pre-approval. Any further documentation required will be communicated to you in order to get the final loan approval. If further documentation is not received on time, it may cause unnecessary delays in loan closing.
- 6 Loan Closing and Scheduling Day 18-21
Upon final approval of underwriting, the loan documents will be ready to be signed. Please consult with your mortgage advisor to schedule the closing based upon your availability. Your loan documents will be prepared by the lender and they will work with your title company to prepare your HUD – 1 Settlement Statement. All information on this statement will be reviewed with you prior to closing.
- 7 Loan Funding and Deed Recording Day 22-25
The original signed documents are sent to the lender for the lender's final review to ensure all loan documents were signed and transmitted appropriately. When this is completed, we will "fund" your loan. ("Fund" means that the lender will wire the funds for the amount of the loan to the title company). After the loan has been funded, the title company will record the Deed of Trust with the county in which the property is located (usually by the next day). Upon receipt of confirmation of the deed being recorded, title or escrow will then disburse monies to the appropriate parties. At this time, your loan is considered complete.
- Loan Funding on a Purchase Transaction takes place the same business day.
- Loan Funding on a refinance transaction takes place three business days after signing including Saturday’s, which is required by the federal lending law.
I just refinanced in October with a different company and it took 2 months to do and was a pain. I had to think long and hard about refinancing again. I was highly impressed with Vibhu Grover. He was very attentive. He would answer questions when I emailed him at 2am. A couple minutes later, I would have an answer. He puts his customers first. I was highly impressed and would use Vibhu Grover again. I was very pleased and have recommended him to others already!— Terri | St. Peters, Missouri
Received a great rate on a 15 year fixed with the best closing costs I could find. Closing was quick and painless. Thanks!— Andi | St. Charles, Missouri
Always responded promptly when I had questions and kept me up to date on everything that was happening throughout the purchase transaction. Vibhu was at closing and made me feel at ease. He made sure that all my questions were answered. US Wide Financial is a great company. They care about the people and believe in the business. That's hard to find these days. Thanks for everything.— Diana | Chesterfield, Missouri
I just wanted to thank you again for all your help with my refinance. It was the smoothest loan process I have ever experienced and think you and your company will do awesome if everyone handles the process like you did.— Patti | Kansas City, Missouri