Home Equity Loan

Need to borrow money? A second mortgage allows you to pull funds from the equity you’ve earned. There are many options. Contact our team to learn which options is best for you.

  • Piggyback (80-15-5)
    Direct Mortgage Loans offers two types of Piggyback loan solutions. A Piggyback mortgage is a combination of two loans that is optimal for borrowers looking to avoid private mortgage insurance, or keep their loan under the conforming limit.

  • HELOC (Home Equity Line of Credit)
    A HELOC Piggyback mortgage would encompass both the first mortgage and a HELOC on the property as a second mortgage lien.

  • Closed End
    Unlike a HELOC, Closed End Piggyback mortgages have specific terms (10 or 30-Years), and a fixed interest rate.

  • Stand Alone HELOC
    Home Equity Lines of Credit (HELOC) give borrowers access to funds up to the equity value of their home.

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