Questions & Answers
Get the answers on home selling and buying.
Home Equity Line of Credit
Q:
What about a Home Equity Line of Credit?
A: A Home Equity Line of Credit or
a HELOC is a secure line of credit using the available equity in
the property as collateral. The loan is for up to a certain pre-approved
amount (e.g., $50,000) that can be drawn on as needed.
HELOCs have a low variable interest rate
that will change as the prime rate changes. Monthly interest payments
are only paid on the amount drawn, not on the whole credit line.
With the revolving line of credit — as you pay off your loan,
you can borrow again and again — up to your credit limit.
Copyright 1999 Inman News Features
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Refinance
Home Loans |
Are you looking for
a better interest rate?
Or, are you looking to make some needed home improvements?At Flamingo
Trust Mortgage Corporation we can help you get the finest rates
available to refinance your home. |
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Frequently
Asked Questions |
| Our comprehensive list
of frequently asked questions might be just the thing you need to
help you with you loan descisions. Be sure to take a few minutes
and browse through them. If there aree any questions you can not
find the answer to then either send us an email or give us a call
1.877.386.2386 |
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Condotel
Financing |
| Flamingo Trust Mortgage Corp. offers a number
of different loans for condo-tel financing. Flamingo Trust Mortgage
Corp. is able to obtain up to 80% loan to value for purchasing or
refinancing condo-tels. |
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Loan
Programs |
| We offer multiple loan programs to fit every
individual situation. Fixed rate, Adjustable rate, Construction Loans,
Jumbo & Super Jumbo Loans, Debt Consolidation, Home improvement
Loans and many more. |
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Apply
Online |
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Flamingo Trust Mortgage Corporation makes
it simple to apply for a new loan or to refinance by offering you
the availability of applying online. See how quickly we can get
your loan approved!
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