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Borrowing money against the value of your home is about the cheapest way to get money. Sentrust Mortgage, LLC offers fixed rate Home Equity Loans and variable rate Home Equity Lines of Credit (HELOCs) to suit your needs. With these products you can borrow up to 125% of the value of your property. Use this money for:
 What is the difference between an equity loan and an equity line of credit? An equity loan, often refered to as a second mortgage, is a fixed-amount loan at a fixed rate. In contrast, an equity line (HELOC), though secured against your property, works like a credit card and allows you to borrow cash up to the maximum set on it. The rate is usually variable, but is directly tied to the government's prime interest rate. Both the equity line and the equity loan give you the same type of tax benefit, as does your mortgage. Where the traditional equity loan gives the homeowner money in one lump sum, the home equity line of credit allows homeowners to obtain cash when they need and to pay interest only on the outstanding balance. So you should use an equity loan when you need all the money up front and it is more advantageous using an equity line if you have an ongoing need for money. |
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Our Solutions | About SENTRUST | Mortgage 101 | Apply Now 656 Quince Orchard Rd., Suite 620 Gaithersburg, MD 20878 Toll-Free 877-721-1003 Local 301-519-1558 
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