Spring EQ

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.