Need access to cash to pay off debt, remodel your home or anything else—and want to lower your mortgage rate or monthly payment? Whatever your goals, Spring EQ's streamlined refinance process and dedicated Loan Expert support put them within reach.
Why are more people choosing Spring EQ than ever before?
TO BUY A DREAM CABIN
A great company! We had a problem with the appraisal, and our loan officer understood the issue and quickly called me back with a resolution. No company is perfect but how well they resolve a problem demonstrates their commitment to customers.
FOR AN EASIER EXPERIENCE
The process was so smooth and we were able to close in less than 30 days. The whole process was—dare I say—enjoyable. Thank you again!
FOR HOME IMPROVEMENT
My home needed major renovations. I decided to try Spring EQ. They quickly lety me know how much I could borrow, my rate and payment. The process was extremely smooth.
TO PAY OFF LOANS & MORE
We refinanced our house a year ago and did not want to lose our low rate. We paid off a car loan, refinished our basement and freed up $105 a month. It was a smooth process and a happy ending!
FOR A NEW KITCHEN
My wife and I wanted to build a gourmet kitchen. The reason we decided to use Spring EQ was the loan officer took the time to understand our needs and I never felt pressured. We expected a painful process but were really happy on how well things went.
TO LOCK IN A FIXED RATE
I had a $130,000 variable rate home equity credit line. I wanted to convert to the security of a fixed rate home equity loan. My loan officer listened to all my questions and answered them with precision.
TO SAVE $338 PER MONTH
I paid off $40,000 of credit card and debt, lowering my payments $338 a month with a home equity loan. Spring EQ made the process painless. Great company, great people and service.
FOR EXPERT GUIDANCE
Our Loan Officer's calm and competent advice and counsel enabled me—a financial novice and worry-wart—to survive the rigors of the loan process. He is a credit to the industry, and I'd recommend him to friends.
* Details to note: Income documents may be more extensive for self-employed applicants. Loans above $175k will require an in-home appraisal. Loans above $250,000 require title insurance. 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 Q4 2019 Cash-In-Pocket Index™ reported a reduction in debt payments of $530. To get cash in as little as 11 days 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. Spring EQ customers get their cash on average in 18 days. The time period calculation to get cash is based on the last 6 months of 2019 funding's, 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. Any pre-qualification or “Home EQ” value 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 verifications of applicant’s credit profile, debt-to-income ratio, and home’s current value. For example, an applicant with owner-occupied single family home in Pennsylvania, credit score of 740, and 60% combined loan-to-value (LTV) which includes the first mortgage, and a debt to income ratio of 43% with a term of 20 years and NO points, would result in 4.99% rate and an Annual Percentage Rate (APR) of 5.205% The actual APR is subject to change based on settlement date chosen by borrower and the subsequent interim interest due from settlement date and 1st schedule payment. Eligible borrowers must have a FICO score of 680 or greater and debt-to-income ratio of 50% or less. Refinance transactions may increase total finance charges over the life of the loan. Speak to a loan officer for details. Spring EQ offers options up to 90% of your home value for qualified borrowers with a credit score of 740 or greater excluding investment properties.