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At Micott Mortgage you enjoy the best of both worlds, a network of lenders who take the time to work with you on an individual basis, plus the very best rates possible. Our lenders work hard to get the right loan for you when you need it, every time, and you win!

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Home :: Loan Programs
   HOME EQUITY LOANS

If you have equity in your home, you could use that equity to your advantage and tap into a resource for cash.  In most cases, Home Equity loans (or second mortgages) are tax deductible and have very competitive interest rates. Home equity loans come in various types, including "100% Equity" that are also called "No-Equity" home equity loans. Many financial pro's agree that using your home's equity to your advantage is the smartest way to go. Remember, you can't deduct interest on personal loans, credit cards, and auto loans.

You can use your Home Equity loans for any purpose. Many of our customers have used Home Equity loans for:

Bill Consolidation
Home Improvements
College Tuition
Purchase a new auto or boat
Vacations
Vacation Homes
Business Startup Capital
Family Emergencies
Investments
Cash

Home Equity
Program
Summary
Details
Fixed Rate
Borrow the entire amount at once and payments are amortized over 15, 20, and sometimes 30 years.
HELOC
A form of revolving credit in which your home serves as collateral.  The interest rate adjusts with movements in the Prime Rate.
Zero Equity
You to get access to the money you need up to 100% of the  EQUITY in your HOME.
125% Equity
In limited situations you can borrow up to 125% of your home’s value.  This program in not recommended.

 

 

 

 

 


 

 












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