Spring EQ Views | renovation

couple imagining what their new living space could become if they renovate

New Living Space, New You

Posted by Spring EQ on Sep 14, 2022 5:03:23 PM

With the red hot housing market cooling off—and home values across America making headlines—homeowners are reimagining their living spaces. What would you do to reinvent yours?

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Topics: Cashout, HELOC, HomeEquity, home improvement, renovation, WFH

Woman exploring mortgage options on her computer

Home Office Renovations

Posted by Spring EQ on Jul 14, 2022 2:47:45 PM

With many people continuing to WFH, the "home office space" continues to be on the minds of plenty of homeowners. Now, some of those who viewed their home office spaces as temporary are looking to set up a more permanent, specialized home office—in their garage.

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Topics: Cashout, HELOC, HomeEquity, CashAccess, home improvement, renovation, CLTV, Cash Calculator, WFH

man planning home improvements he will pay for with his HELOC cash

How Much Cash Can You Access?

Posted by Spring EQ on Jul 13, 2022 9:54:16 AM

How much equity can you access from your home? And what's the best way to access it? It's no secret home values have hit record highs. In fact, the Wall Street Journal says that tappable home equity rose to over $11 Trillion in the first quarter of 2022 alone.

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Topics: Cashout, HELOC, HomeEquity, CashAccess, home improvement, renovation, CLTV, Cash Calculator

Workspace for a peaceful work environment

Do You Deserve A She Shed?

Posted by Spring EQ on Jul 1, 2022 2:48:51 PM

She sheds have become a widely popular trend. Whether you want one for hobbies, friends or just relaxation, She Sheds provide a personal space you can make your very own.

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Topics: HELOC, HomeEquity, home improvement, interior design, renovation

*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.

Please Note: Spring EQ does not provide tax, legal, investment or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, investment or accounting advice. You should consult your own tax, legal, investment and accounting advisors before engaging in any transaction.

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.