Option Mortgage has been a Mortgage Broker/Lender since
1983. In that time we have arranged home mortgage refinancing and
equity loans for 1000's of home owners.
Equity Loans Requirements:
Conventional lenders have strict criteria for qualifying borrowers looking for
equity loans. Better Option Mortgage's
knowledge of the industry enables us to assist in meeting these criteria.
It is our experience that borrowers who are self employed, had a past
bankruptcy or bad credit have a hard time securing financing.
- Up to 85% of appraised value of home
It is not widely known that there are several ways to meet the qualifying
criteria of conventional lenders. Better
Option Mortgage's past experience enables us to secure
financing with these lenders. Better Option
Mortgage's extensive and expanding portfolio of Private
Lenders are looking for these sorts of borrowers seeking equity loans.
These lenders are more concerned about the character of the borrower and their credit worthiness than they are about the borrower providing documentation. Documentation is still needed but these lenders are easier to satisfy and the character of the borrower carries more weight.