Home Equity Visa at 7.99%
January 30, 2023 | Posted by: Alex Vinarski
HOME EQUITY VISA. It works as regular visa card, but secured by your home.This is better product than second mortgage, as you only pay interest on money that you actually use, and it's fully open. Rate from 7.9% to 10.99% depending on loan to value and credit, no annual fee, min payment 1% of the balance. Up to 80% of the home value. No income verification (no tax return required), just show that business exist and operate. Plus you will have 1% cash back on purchases, as with regular credit card. Limit $500000
Another option is Private Home Equity Line of Credit up to $1m. Only need property appraisal and application. No income verification at all. Rates from 9.95%.
I am mortgage broker specializing in private mortgages and also a private mortgage lender. I can arrange private mortgage in Vancouver, Burnaby, Richmond, Coquitlam, Surrey, Langley, Maple Ridge, Delta, Port Moody, North Vancouver, West Vancouver, Chilliwack, Hope, Victoria, Nanaimo, Kelowna, Kamloops,