Your Home Equity, Your Cash.
Transform your home into a financial powerhouse without selling a single brick. Get up to 85% cash with a second mortgage!
Unlock your home equity with a Second Mortgage or HELOC without touching your first mortgage!
Mounting credit card debt with interest rates now exceeding 20% (the highest in over two decades) is taking an emotional toll on many families.
Use the CASH for:
- Reduce high credit card balance
- Increase your home value
- Build a home office or she-shed
- Fund a wedding or your dream vacation
- Cover medical expenses or treatment costs
- Add a patio, deck, or terrace for summer parties
HELOC vs Second Mortgage: Which is Right for You?
Second Mortgage can be a bit like deciding between a latte and an espresso. Both have their perks, but which one fits your financial taste? Let's delve into the nuances of each to help you make an informed decision.
Let's delve into the nuances of each to help you make an informed decision.
| Features | HELOC | Second Mortgage |
|---|---|---|
| Interest Rate | Adjustable rate, often tied to the prime rate. | Fixed rates and fixed payment |
| Access to Funds | Revolving line of credit, akin to a credit card. | Lump sum payment, similar to a traditional loan. |
| Interest Payments | Pay interest only on the amount used. | Interest and principal on the full loan amount. |
| Flexibility | Flexibility to borrow as needed. | Less flexible due to fixed loan terms. |
| Loan Duration | Typically shorter-term | Generally longer-term |
| Risk | Interest rates can fluctuate, based on the prime rate. | Stable payments, fixed loan term |
How much can you borrow?
Let's Math It Out!
Contact Cazle today to learn how our programs can help you.
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I had a fantastic experience with Cazle Mortgage! Their knowledgeable team provided exceptional service, guiding me through the process with ease.
Wow!!! What a great experience! I've purchased my home last year during the very beginning of pandemic and had to "bite a bullet" at the time of closing because my FHA mortgage rate jumped overnight.
I had a very difficult mortgage situation where I attempted to refinance through 10 different banks, and Cazle Mortgage was the only one who was able to resolve my issue.
I have financed many home loans and I can honestly say Gordon and Cazle Mortgage was my best experience. Most companies have you doing most of the legwork, but Gordon made it easy.
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