Bridge Mortgages Offers Fixed Home Equity Loans with Low Intro Rates
Bridge Mortgages began offering their new fixed rate home equity loan that provides a low introductory interest rate. The second mortgage lending team at Bridge has just released a new home equity product that offers a reduced intro rate for 6 months. The intro mortgage interest rates start as low as 6.25%. These home equity loans are 2nd lien installment mortgages with fixed interest rates with simple interest amortization.
According to mortgage consultant Sandy Sarconi, “This equity loan is perfect for my clients financing second home construction.” Sarconi continued, “6 months of low interest rates allow borrowers to complete their home improvement projects and still have a fixed rate payment at the end of the day.” This home equity loan has the characteristics of a home equity line of credit, but the interest rate is fixed so there is no fear of rising payments over the years.
Bridge is offering these introductory rates to homeowners with good credit scores ranging from 620 to 800. The 6.25% intro rate is offered to qualified borrowers with all combined loan to values not to exceed 100%. Applicants with a bad credit score may still qualify for other subprime refinancing products.
Fixed Rate Home Equity Loan Highlights
On all home equity loan programs eligible for this intro rate, our underwriting will use the higher of the two middle scores regardless of income. There are no cash out restrictions. There are no assets and reserves verified or even required for that matter. In addition, Bridge Mortgages continues its tradition of their second mortgage loans having no mortgage insurance required.
Bridge Mortgages is an online mortgage lender providing countrywide financing for home equity loans, debt consolidation, refinance and home purchase loans to 100% for good people with a little bad credit. Apply Now! Bridge Mortgages opened its San Diego branch in 2000. We are located in North County San Diego, California. Our mission is to find a loan for everyone regardless of the good or bad credit history. We are a nationally distinguished full service mortgage lender with several decades of financial experience.
Over the years, Bridge Mortgages has evolved into mortgage refinance lender with market niches in sub prime mortgage, Alt A, and home equity loan programs. Bridge Mortgages is authorized to originate loans in all states except: AL, AR, NJ, NY, RI, VT, DC, and WV.
Bridge Mortgages is dedicated to superior loan products and friendly customer service. Our lenders make it easy for borrowers to find our competitive and innovative financing solutions online with quick loan approvals. As interest rates for 1st mortgages continue to edge up, home equity lines and loans are more and more popular.