A home equity loan
is a type of loan in which the borrower uses the equity
in their home as collateral. These loans are sometimes useful for families
to help finance major home repairs, medical bills or college educations. A
home equity loan creates a lien against the borrower's house.
Home equity loans are most commonly second position liens (second trust
deed), although they can be held in first or, less commonly, third
position. Most home equity loans require good to excellent credit history,
and reasonable loan-to-value and combined loan-to-value ratios. Home
equity loans come in two types, closed end and open end.
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Home Equity Loans or lines of credit
are available to homeowners and even home owners with
bad credit both online or directly with lenders. Since the home equity
loan market in California is so competitive you should try to find the
best home equity loan rather then just accept the rates from your
current lender.
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Home Street Bank
Judy Bickell, Branch Manager
2001 Jefferson St, Ste A, Napa, CA 94559
707
252-5972
Office, 707 307-5113 Fax |
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HomeBridge Financial
Services, Martha Pedroza-Ramos 3154 Jefferson St
Napa, CA 94558
707-265-2244 |
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Mitchell Mortgage
Napa, CA 94558
707 259-1117 |
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Prospect Mortgage,
Stephen K. Smith
3154 Jefferson St,
Napa, CA 94558
707-291-0676 |
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Travis Credit Union
3263 Claremont Way, Napa, CA 94558
800-877-8328 |
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