What does this mean?
Millions of homeowners will be faced with dramatically increased monthly payments once the draw period ends and their HELOC begins its P&I amortization period.
When opportunity knocks open the door!
You may have taken a HELOC and can combine your 1st Mortgage and HELOC into one Loan.
Did you know?
Combining a 1st mtg & non purchase HELOC is considered a cash out transaction EXCEPT:
FHA & Superior’s Big & Easy Jumbo allows you to combine a 1st mtg & non purchase 2nd as a rate & term
*12 mos. seasoning and no draws in past 12*
Superior Mortgage Lending LLC allows for cash out up to 85% for primary residences on Conventional transactions
Remember, #SuperiorMortgageLending doesn’t charge Origination, Processing, Underwriting or Points to the Borrower!!! NO FEES!!!