We can all agree your credit score – aka FICOⓇ score – is a big deal when it comes to securing any kind of loan. In fact, it factors into whether you'll be approved for a loan—as well as the rate of interest you will be charged.
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We can all agree your credit score – aka FICOⓇ score – is a big deal when it comes to securing any kind of loan. In fact, it factors into whether you'll be approved for a loan—as well as the rate of interest you will be charged.
Read More...
Topics: HELOC, HomeEquity, CashAccess, FICO, home improvement, home design
Looking into a home security system? You’re not alone. Despite the rate of burglaries dropping 68% in the last decade, an increasing number of Americans have chosen to install home security systems – with over $21.5 billion in projected growthby 2026.
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Topics: HELOC, HomeEquity, CashAccess, home improvement, home design, home security
Whether you're avoiding falling iguanas in South Beach or braving the blistering cold of a Chicago winter, every homeowner should make they're prepared for a cold spell during the winter months. And summer is a great time to plan ahead and get winter work done on your home.
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Topics: HELOC, HomeEquity, CashAccess, home improvement, home design, heating
Like the cost of most other goods and services in the U.S., utility bills are set to rise this winter.
The chilling stats? According to the U.S. Energy Information Administration, homeowners can expect their electric bill to jump 7.5% from 2021.
While many will make short-term sacrifices like spending less and doing less, homeowners will do well to plan with a long-term solution.
Topics: HELOC, HomeEquity, CashAccess, home improvement, home design, HVAC
When it comes to purchasing a house there are some factors outside the home you will need to keep in mind. Like the local education system—homeowners associations (HOA) are an important factor to keep in mind when purchasing a long-term home for your family.
Read More...Topics: HELOC, HomeEquity, CashAccess, home improvement, home design, HOA
Whether it's for you or the whole family, getting a pet can be a big decision for homeowners to make. Here are three pet upgrades than will increase your home's value while you care for your fuzzy family members.
Topics: HELOC, HomeEquity, CashAccess, home improvement, home design, pets
All homeowners have one thing in common: a seemingly endless list of home improvement projects.
This list likely covers a range of short and long-term projects, and includes a mix of things you need alongside some personal projects you've been wanting to pursue. So deciding which ones to tackle first can be overwhelming.
We get it—and we got you covered.
Topics: HELOC, HomeEquity, CashAccess, home improvement, remodel, home design
Homeowners are constantly looking for ways to increase the value of their home, but it's not always easy to pick which project they should tackle first. Bathrooms are a popular place to start because they are a less expensive project than most re-do's, but will still boost your home's value.
Read More...Topics: HELOC, HomeEquity, CashAccess, home improvement, remodel, home design
In all housing markets—but especially today's—homeowners are looking for ways to stand out from the pack when it comes time to sell. Here's a great way to do just that.
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Topics: HELOC, HomeEquity, CashAccess, home improvement, remodel, home design
There are countless ways a finished basement can elevate your home—from home offices to guest rooms to movie rooms and more. With the right planning, your vision can become a reality. So if you're looking to add value to your home, finishing your basement could be a great option.
Topics: Cashout, HELOC, HomeEquity, CashAccess, home improvement, remodel, Financial Tips, Personal Finance, home design, home trends, home upgrade
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*Details to note:
Spring EQ customers get their cash on average in 21 business days, and as fast as 14 days. This average time is measured from the time we receive all requested documents and assumes your stated income, property and title information provided in your loan application matches your documents and any supporting information collected. The time period calculation to get cash is based on the average funding turn times over the first four months of 2023, assumes the funds are wired, excludes weekends and excludes the government mandated disclosure waiting period. Typical applicants are required to provide a current and valid completed application, proof of income, mortgage statement, home hazard insurance, and a photo ID.
Applicants are typically not required to provide proof of assets, and proof of income may be more extensive for self-employed borrowers. Quarterly, we calculate The Spring EQ Cash-In-Pocket Index™ which is the average reduction of our customers debt payments where at least one debt was paid off with loan proceeds. The most recent Cash-In-Pocket Index™ reported a reduction in debt payments of $530.
Any pre-qualification is in no way a pre-approval, indication of eligibility, or binding underwriting decision.
All borrowers will be required to meet Spring EQ's current underwriting guidelines including verification of applicant’s credit profile, debt-to-income ratio, and home’s current value. Eligible Home Equity Loan borrowers must have a FICO score of 640 and meet all other qualifying criteria in Spring EQ's current underwriting guidelines. Refinance transactions may increase total finance charges over the life of the loan. Speak to a loan officer for details. Eligible Home Equity Line of Credit borrowers must have a minimum FICO score of 660 and meet all other qualifying criteria in Spring EQ's current underwriting guidelines. Spring EQ offers Home Equity loan options up to 90% of your home value for qualified borrowers with a excluding second home or investment properties. The maximum Home Equity loan or Home Equity Line of Credit amount Spring EQ offers is $500,000.
For details, call 888-978-9978 to speak to a licensed Spring EQ Loan Officer. Please Note: Any reference to news organizations or outlets and/or their logos or likenesses on these webpages are solely in reference to the inclusion of relevant home equity, mortgage or interest rate subject matter in current, publicly available national news items and cycles and are not meant to imply endorsement of Spring EQ in any way.