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FAQs

HELOC General

  • Number of Borrowers and NPEs Allowed
  • Business Hours
  • Credit Report Dispute Information
  • Properties Listed for Sale
  • Accessory Dwelling Units
  • Determining Collateral Value
See all 24 articles

HELOC Pre-Qualification

  • Litigation
  • Prequalification (PQ)
  • Significant Derogatory Events
  • Consumer Payment History
  • Housing Payment History
  • Credit Scores Used for Underwriting
See all 14 articles

HELOC In-Progress

  • DTI & Income Verification - Five Methods of Income Verification
  • DTI & Income Verification - Selecting the Income Type
  • DTI & Income Verification - W2 Income Verification - TWN (The Work Number)
  • DTI & Income Verification - W2 Income Verification - Plaid
  • DTI & Income Verification - W2 Income Verification - Truework
  • DTI & Income Verification - Self Employed Income Verification - Plaid
See all 22 articles

HELOC Closing

  • HELOC Payments Explained
  • Spanish Speaking Notary
  • Funding
  • Closing
  • QC & Clear to Close
  • Title Insurance
See all 13 articles

HELOC Repayment

  • Lifetime Rate Floor and Cap
  • Annual Fee
  • HOI Verification
  • Loan Servicing
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