Veronica G

 PaymentsYears 1-5During the first 5 years, the HELOC payment is interest-only. This means the monthly payment covers only the accrued interest, not the principal balance. Calculation: (Interest ra...

When you begin your closing, you will see a message below the "JOIN NOW" button that states:"Comunicate con un notario hispanohablante"By using this button, a Spanish-speaking notary will join the ...

During the loan process, up until the day of funding, a borrower may connect their bank account to receive funds via Automated Clearing House (ACH) or Real-Time Payments (RTP).If the borrower has n...

The lender offers both Remote Online Notarization (RON) and in-person notary closing services:Remote Online Notarization is available only in eligible locations/municipalitiesFor locations that req...

The lender uses automation to ensure each application complies with all eligibility requirements and underwriting guidelines.Once all validations have been completed, the file is manually quality-c...

1st lien HELOCs must have Hazard insurance to protect against loss or damage from fire and other hazards covered by the standard extended coverage endorsement. The coverage must provide for claims ...

For loans $25,000 to $350,000, the lender uses a Property Report from Stewart to confirm:Current grantee and grantorLast deed of record informationRecordable legal descriptionStatus of real estate ...

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

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...

Properties currently listed for sale or listed within the last sixty (60) days are ineligible for a HELOC in the following states: DC, IL, IN, IA, LA, ME, NC, PA, RI, TN, TX, VT, WA