Fixed-Rate HELOAN CA Rates

Hi, I am Isabella with RateZen Mortgage. When California homeowners want to tap equity for debt consolidation, a major home remodel, an ADU, or a down payment on an investment property, everyone immediately says get a HELOC. But a traditional HELOC has a variable interest rate that moves every time the Federal Reserve adjusts the Prime Rate. If you want one-time lump-sum funding with total payment certainty from Day 1, the smarter tool is often a Fixed-Rate Home Equity Loan, or HELOAN, at RateZen Mortgage. A Fixed-Rate HELOAN is a closed-end second mortgage that sits behind your existing low-rate first mortgage. It is ideal when you know the exact dollar amount you need up front: for example, paying off 120,000 dollars in high-interest credit card and auto debt, funding a 200,000 dollar fixed-bid contractor agreement, or pulling 150,000 dollars for an investment property acquisition. Here is how our HELOAN programs are structured across California. Number one: Loan Amounts and CLTV. From 25,000 dollars up to 500,000 dollars, and up to 750,000 dollars on jumbo second-lien tiers, reaching up to 85 percent to 90 percent Combined Loan-to-Value for qualifying credit tiers starting at 640 to 680 plus FICO. Number two: Fixed Terms. Choose a 10, 15, 20, 25, or 30-year fixed amortization. Your interest rate and monthly principal-and-interest payment never change over the life of the loan. Number three: W-2 Full-Doc AND Self-Employed Bank Statement Options. Unlike big retail banks that only offer second mortgages to W-2 borrowers, we also offer Non-QM Second Lien HELOANs where self-employed homeowners qualify using 12 or 24 months of personal or business bank statements, plus DSCR Second Liens on investment properties. When we review a homeowner's numbers, we look at their total monthly cash outflow today across their first mortgage and any credit cards, auto loans, or construction financing, and compare it against keeping their first mortgage and adding a single Fixed-Rate HELOAN. Want to see a side-by-side comparison of a Fixed-Rate HELOAN, a UWM HELOC ExD, and a Splitero no-monthly-payment HEI on your property? Click the button below to schedule a 15-minute strategy call with Isaac Grajeda at calendly.com/mortgage-master. RateZen Mortgage, a division of RateZen Mortgage, California DRE number 01948605, NMLS number 2089797. Call 424-RATE-ZEN, (424) 728-3936. Equal Housing Opportunity.

Quick reel transcript

Hi, I am Isabella with RateZen Mortgage. Want to tap your home equity without giving up your low first mortgage rate, and without worrying about variable HELOC rates? Know the difference between a HELOC and a HELOAN? Knowing this one letter can save you a lot of stress when tapping your California home equity. A HELOC is a revolving credit line with a variable interest rate tied to the Prime Rate. A HELOAN, or Home Equity Loan, is a closed-end, fixed-rate second mortgage. Here are the three reasons California homeowners choose a Fixed-Rate HELOAN at RateZen Mortgage. First: Your first mortgage stays 100 percent untouched, so you keep your low rate on your primary balance. Second: You receive 100 percent of your funds in a single lump sum at closing with a fixed interest rate and a predictable, fixed monthly payment for 10, 15, 20, or 30 years. Third: We offer Fixed-Rate HELOANs in both Full-Doc conventional tiers AND Non-QM 12- or 24-month Bank Statement second-mortgage tiers for self-employed homeowners, up to 85 percent or 90 percent combined loan-to-value. Want to compare a Fixed-Rate HELOAN against a HELOC on your home? Click the link below to book a quick call with Isaac Grajeda at RateZen Mortgage. RateZen Mortgage, a division of RateZen Mortgage, California DRE number 01948605, NMLS number 2089797. Call 424-RATE-ZEN, (424) 728-3936. Equal Housing Opportunity.