Veronica G

Borrowers are collectively limited to three (3) loans either issued or purchased by our company not to exceed $750,000.  Borrowers with more than fifteen (15) properties are not eligible. 

Inter vivos revocable trusts, also known as Living Trusts, are eligible for origination. We must obtain copies of the trust or trust certification and include them in the loan file. A review of the...

The HELOC program utilizes Persona, a third-party vendor, for all identity verifications.The identity of each borrower whose credit is used for loan qualification must be confirmed.All identificati...

Our HELOC uses the Equifax Decision engine tool for the credit standard review.  Installment Debt:Installment debt is a monthly obligation with fixed payments and terms. Payments on installment loa...

If there is an issue with your credit report, you will need to contact Equifax at 1 (888) 378-4329.Or you can go to their website to reach out at https://www.equifax.com/

When a monthly student loan payment is provided on the credit report, that amount may be used for qualifying purposes.  If the credit report does not reflect the correct monthly payment, the monthl...

United States Citizens United States Citizens are individuals born in the United States, Puerto Rico, Guam, Northern Mariana Islands, Virgin Islands, American Samoa, Swain’s Island. Permanent Resid...

Ownership must be fee simple or leasehold in name of individual(s) or inter vivos revocable trust.The following entities are prohibited:Limited Liability Company (LLC)CorporationPartnershipIrrevoca...

A HELOC cannot close vested in a LLC.The Property Deed needs to be out of the LLC and in the borrower's name before we start the application and when we fund the HELOC. The system will NOT draw up ...

Home equity lines of credit can be used for home improvement, to buy a car, pay for college tuition, to make major purchases including other real estate, or debt consolidation.