Home Equity Lines of Credit and Second Trust Deeds
Piggy back loans are back…
Samuel Scott Financial Group has a new product for simultaneous Home Equity Lines of Credit (HELOC) and Second Trust Deeds;
a great sign of a recovering market.
With today’s low interest rates, this is a very attractive option for many people. Here’s how it all breaks down…
WHO?
Do you have a client who can’t put 20% down or doesn’t want a non-conforming loan?
WHAT?
Sometimes called a Piggy Back loan, a Second Trust Deed is a way to help your clients get a Home Equity Line of Credit for a purchase or refinance.
• Up to 89.99% loan to value (LTV)
• 30 year term
• $350,000 maximum line amount
This information is intended for real estate and lending professionals and does not guarantee rates.
For actual rate quotes, please speak directly to your Samuel Scott Mortgage Advisor.
WHERE?
At Samuel Scott, our Advisors have access to more programs and products than a traditional bank. Ask us to tailor a loan for clients with unique needs; it’s our specialty.
WHEN?
Available for the first time in years, borrowers who get a Second Trust Deed can take advantage of historic low interest rates.
WHY?
• Eliminate the need for mortgage insurance and save thousands of dollars
• Take advantage of conforming interest rates with a second trust deed
• Consolidate other debts
Would you like to know more about the unique home loan options available through Samuel Scott?
Just contact our office or anyone of our expert Mortgage Advisors. We specialize is tailoring loans to fit our clients’ needs. Let us know what you are looking for and we will find you the perfect financing solution.
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