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| HOME EQUITY LOANS |
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A home equity loan is a form of credit in which your home serves as collateral. A home equity loan can be advanced in one lump sum or can be in the form of a credit line that allows you to pay interest on only the amount of money that you draw. Credit lines are usually at a lower rate and will adjust with Wall Street prime. For more info on Bay's Home Equity products, see our Home Equity FAQ.
Bay Financial Home Equity Products:
- Credit lines and fixed terms available
- LTV up to 125%
- Credit scores down to 620
- Loan amounts up to $500,000
- Purchase money/"piggy backs" allowed
- Stated income programs available
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