Spring EQ

With rates on the move again, CNBC reports that "mortgage applications were 83% lower" from the same time a year ago. What does this mean if you’re a homeowner with a low mortgage rate who still wants to access cash from your home’s equity? Here are your options…

Homeowners can access cash from their home's equity WITHOUT touching their low first mortgage rate. It's not a secret—but more and more homeowners are just now discovering one of the best options available to them.

With the latest headlines about rates, inflation and gas prices, many homeowners are looking to consolidate debt and pay off higher-rate loans and credit cards. That’s why it’s more important than ever for homeowners to clearly understand your options—so you can choose the solution that’s best for you.

You've seen the headlines. Rates continue to stay on the move. And more homeowners are turning to Home Equity Lines of Credit (HELOCs) as their go-to strategy to access the cash they need from their home's equity. Why?

With rates on the move and home values setting records in neighborhoods across America, you know it’s a crazy market out there. So if you’re home shopping and you find the house of your dreams BUT you haven’t sold your home yet—what are your options? Here’s a way to use your existing home’s available equity if you’re short on down payment funds for your new home...

“Spring EQ is honored to be recognized as one of the best mortgage companies to work for again this year,” said Jerry Schiano, CEO of Spring EQ. “We strive to build a fast-paced and rewarding environment committed to diversity and inclusion, professional development and excellent benefits for our talented and hardworking employees.”

When looking into any kind of mortgage loan, it's only natural to want to go where you feel comfortable. However, when homeowners obtain a Home Equity Line of Credit (HELOC), home equity loan or cash-out refinance from their existing bank or credit union, they sometimes miss out on potential savings, better offers and more flexible terms.

What is your CLTV? And Why does it matter to Lenders?

The amount of cash you can access from your home is dependent on various lender requirements, with one of the most important being your CLTV, which means "combined loan-to-value" ratio.

For home improvement, debt consolidation, education costs or anything else—home equity loans are a great choice for many homeowners looking to access cash from their home.