5-DAY HELOC
5-DAY HELOC
Thinkinvest Inc.’s Partner United Capital Mortgage Inc. now offers the 5 minute 5 Day HELOC: a standalone Home Equity Line of Credit that is available in a 1st or 2nd lien position. Some product highlights are as follows:
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Online application is fast and easy
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Full draw is taken at closing with no prepayment penalties applied
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Re-draws may be taken in minimum increments of $500, up to the full line amount
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No in-person appraisal
The 5 minute 5 Day HELOC is a standalone product. It requires a full draw at closing and has no prepayment penalties. •Terms Available: 5, 10, 15, and 30 years •1-Unit properties Only (SFR, Condo or PUD) •Maximum DTI= 50% •Minimum Loan Amount = $25,000
FOOTNOTES
1.Oklahoma = 720 Minimum FICO
2.2ndhome/investment = 680 minimum FICO