Home Equity Lines and 2nd Mortgages

Home Equity Lines and 2nd Mortgages

Let Old Providence Mortgage help you access your home’s equity with our low or no-cost
2nd mortgages and Home Equity Lines. 

Accessing your equity
The equity you have in your home could be the key to finishing those home improvement projects that you’ve been thinking about, reducing your monthly debt payments, or financing your next major purchase.

Are you happy with your first mortgage, or reluctant to pay the closing costs associated with a first mortgage refinance?  Then a low-cost or no-cost 2nd mortgage may be the perfect option for you.

Provident advice and honest rates and fees
Because we want to be your mortgage lender for life, we will work tirelessly to provide a rate and fee structure that is extremely competitive and fair, and we’ll help you choose a loan program that won’t put your future plans at risk.  Our pre-approval process is among the most thorough in the industry, and focuses on your needs and goals as the first priority.

Versatile 2nd mortgage options*
Low or No Closing Costs: Many of our lenders offer excellent rates on lines of credit and fixed rate 2nd mortgages with zero or low closing costs.  We can show you your options and help you decide which program is best.
Rates as low as 0.50% below prime: Your interest rate is determined by your loan amount, your credit score and the amount of equity you plan to leave un-touched. 
Fixed 2nd mortgages + an equity line:  Now one loan can do both for you!  You can get a fixed rate on the entire balance of your 2nd mortgage, as well as a home equity line that allows you access to more cash in the future.
Many lenders to choose from:  We have access to 2nd mortgage products from numerous banks and mortgage companies, so we’re not tied to just one set of guidelines and one rate.
Home Improvement, Debt Consolidation, or whatever you want:  We have home equity products designed for every purpose—in most cases, you decide how you use the cash.

Communication
Our state-of-the-art technology sends you real-time updates on loan status.  As soon as an event such as an appraisal, underwriting decision, or funding has been recorded in our system, you will be notified.  No more wondering about the status of your loan!  We also value the old-fashioned technique of answering the phone when you call!

Guaranteed “Good Faith Estimates” mean happy closings!
Contrary to popular belief, a loan officer does have the ability to accurately predict closing costs.  We are the first  in the industry to guarantee our good faith estimates in writing!  This means that if your loan is approved as quoted, the closing costs will be within 10% of our initial quote or we will pay the difference.  In truth, we have been operating this way for years—with or without a written guarantee.

Click here to get pre-approved

*conditions apply