Max Equity Loan, Inc

Accessing Equity with a Credit Line

A home equity credit line is a reusable credit line account secured by placing a second lien on your home! Monthly payments are subject to change because equity credit line rates can be adjusted every month, based on an index, usually the prime rate as published in the Wall Street Journal. Interest accrues only on the outstanding balance of the account as you withdraw money, instead of accruing on the full available balance, as in a fixed loan. Hard Money Loan

Home equity credit line withdrawals can be made in variable amounts as you need it, unlike a fixed-rate loan, which is paid in a lump sum. Each lender has different lending guidelines, including options like zero costs, and no-fee home equity lines. Some lenders offer a maximum loan to value of 100%, and some have a maximum loan amount of $500,000. As a general rule of thumb, most home equity credit lines are only available for owner-occupied single-family homes, condominiums, and townhomes.

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Year Established: 2000

Max Equity Loan, Inc
Address: 55 Northern Blvd, Great Neck, NY 11021, United States
Phone: 347-208-1989
Hours:
Mon:9:00 AM – 7:00 PM
Tue:9:00 AM – 7:00 PM
Wed:9:00 AM – 7:00 PM
Thu:9:00 AM – 7:00 PM
Fri:9:00 AM – 7:00 PM
Sat:Closed
Sun:Closed