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With a Shearsons Mortgage Home Equity Loan (also known as Closed-End Second), you can enjoy the following benefits:
- Keep your current 1st mortgage
- Low Interest Rates*
- Quick credit approval and faster closing
- Increase Purchasing Power
- A Loan that fits your needs
- Avoid paying PMI (Private Mortgage Insurance)
- Potential Tax Benefits (Consult with your tax advisor)
| Term |
Interest Rate |
| 15 Yr Fixed |
As low as 6.350%* |
| 30 Yr Fixed |
As low as 6.550%* |
Call now at 1-866-EZ Low Rate (1-866-395-6972) or Apply Now!
- No Application Fee
- Instant Approval
- We will go to you for signing
- Get your cash fast
One popular use for our Equity Loan products is to create what is known as an 80/10/10 transaction, or a "Piggy-Back" loan. With this financing structure, an 80% 1st Mortgage and a 10% 2nd Mortgage are closed concurrently, eliminating the need for Private Mortgage Insurance (PMI). The rate on the 1st Mortgage is the same as if you put down 20%.
* Certain restrictions apply. Call or apply today to receive your customized quote.
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