A home equity loan is based on the available equity in your home. The equity in your home is the difference between the value of the home and the first mortgage if any. Home Equity Loans are sometimes called Second Mortgages because they are a mortgage and they are subbordinate to any first mortgage you have.
There are 2 types of Home Equity Loans.
HELOAN. This is a Fixed Rate Loan. The money is given to you in one lump sum the day you close.
and
HELOC. This is an Adjustable Rate Loan. A line of credit is given to you. You pay for what you use.
To get more information call us at 718-759-1035
or complete the form below and we will reply as soon as possible.
We've been helping customers afford the home of their dreams for 30 years and we love what we do. Licensed in NY and Florida
Company NMLS: 5947
www.nmlsconsumeraccess.org
Fidelity First Mortgage Corp is a registered Mortgage Broker with the NYS Dept of Financial Services. And with the Florida Dept of Financial Services. All loans are arranged through 3rd Party Lenders.
Headquarters:
3974 Amboy Road Suite 302
STATEN ISLAND, NY 10308
Phone: (718) 759-1035
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