Home Equity Loans

NEW MORTGAGES

REFINANCING

HOME EQUITY

A home equity loan is a loan that allows home owners to borrow against the equity (value) in their home. The equity built up in your home (the value of your home minus what you owe) is used as collateral on the loan. In essence, in most cases, a home equity loan is a second mortgage. Depending on the lender, you can usually borrow between 80%-100% of your home's equity, and sometimes more. Home Equity Type Loans can be formatted in a variety of shapes including:

Home Equity Loans. Homeowners usually apply for home equity loans when a specific purpose is not defined such as to pay college tuition, to make major renovations on a home or to pay off credit card debt.
Refinancing with cash-out. You can refinance your home and get cash-out. If you would benefit by refinancing, then this is the best avenue to obtain a home equity loan.
Home Improvement. Similar to a standard home equity loan, a home improvement loan allows home owners to borrow against the equity in their property to make improvements on the home such as to make major renovations on a home, add a pool, finish a basement, or even add an extra bedroom.
Debt Consolidation. A debt consolidation laon can help consolidate your bills into one low monthly payment saving you hundreds, possibly thousands of dollars in interest charges. You can combine credit cards, auto loans, student loans, etc. into one lower monthly payment and save thousands of dollars in interest and late charges.
HELOC (Home Equity Line of Credit). A HELOC is exactly what it implies, a line of credit that, like a checking account, you can draw against your equity on a need-be basis. The most flexible type of Home Equity Loan available and, if you qualify, has excellent rates.

If you are interested in applying for a Home Equity Loan, simply complete our fast & easy application below:

Borrower Information

First Name

Last Name

Present Street Address
City	State	Zip

Own
Rent
Living Rent Free

Years at Present Address

Home Phone		Work Phone		Cell Phone
Email

Estimated Credit Rating
Excellent - No history of late payments Good - No late payments w/in 2 years Fair - Few recent late payments, No chargeoffs or bankruptcy w/in 5 yrs Poor - Many recent late payments including chargeoffs

Is there a co-borrower?

Yes

Co-Borrower Information (If none, skip this section)

First Name

Last Name

Present Street Address
City	State	Zip

Own
Rent
Living Rent Free

Years at Present Address

Home Phone		Work Phone		Cell Phone
Email

Estimated Credit Rating
Excellent - No history of late payments Good - No late payments w/in 2 years Fair - Few recent late payments, No chargeoffs or bankruptcy w/in 5 yrs Poor - Many recent late payments including chargeoffs

Property Information

Home Value (Estimated or Appraised)
Equity in Home (%)	Loan Amount

Property Street Address
City	State	Zip

Home Equity for:

General Home Equity

Refinance with Cash Out

Debt Consolidation

Home Improvement

Line of Credit

Property Use

Primary Residence
Secondary Residence
Investment Property

Property Type

Monthly Real Estate Taxes

Borrower

Employment Information

Self-employed or Independent Contractor (1099)?		Yes No
Monthly gross income ($)

Liquid Assets

Checking

Savings

Stocks & Bonds

Previous Address (within the last 2 years)

Street Address
City	State	Zip

Borrower Marital Status

Married
Unmarried
Separated

Borrower Social Security Number

I agree to let Sue Baxter
obtain my credit report
Yes No

Co-Borrower Marital Status

Married
Unmarried
Separated

Co-Borrower Social Security Number

I agree to let Sue Baxter
obtain my credit report
Yes No

PLEASE LIST ALL DEBTS (Borrower & co-Borrower)

(student loans, car loans/leases, personal loans, credit cards, lines of credit, mortgages, home equity loans, etc. We will obtain most of this information from your credit report so you only need to supply information that you feel may not be reported)

Name of Creditor	Balance	Monthly Payment	Debt of Borrower Co-Borrower
Name of Creditor	Balance	Monthly Payment	Debt of Borrower Co-Borrower
Name of Creditor	Balance	Monthly Payment	Debt of Borrower Co-Borrower
Name of Creditor	Balance	Monthly Payment	Debt of Borrower Co-Borrower
Name of Creditor	Balance	Monthly Payment	Debt of Borrower Co-Borrower
Name of Creditor	Balance	Monthly Payment	Debt of Borrower Co-Borrower
Name of Creditor	Balance	Monthly Payment	Debt of Borrower Co-Borrower
Name of Creditor	Balance	Monthly Payment	Debt of Borrower Co-Borrower
Name of Creditor	Balance	Monthly Payment	Debt of Borrower Co-Borrower
Name of Creditor	Balance	Monthly Payment	Debt of Borrower Co-Borrower

Declarations/Government Monitoring Information

Bankruptcy (past 7 years)		Yes No
Foreclosure (past 7 years)		Yes No
Federal Delinquency/Lien		Yes No

I/we certify that the information provided in this application is true and correct to the best of our knowledge as of the date set forth opposite my/our signature(s) on this application and acknowledge my/our understanding that my misrepresentation(s) of information, intentional or otherwise, contained in this application may affect my eligibility for any quoted program, rate, lenders, and voids any warranties and guarantees offered by Sue Baxter.

Borrower Acknowledgement

Co-Borrower Acknowledgement

Credit Card Information

You will be charged $35.00 for a complete credit check, a copy of which will be forwarded to you upon request. This fee will be credited toward the costs of the transaction when you close on your mortgage with us. See Why do we charge? for more information.

I am exempt from these charges.
My Qualifying Code is:

Name on Credit Card:

Type of Credit Card:

Credit Card Number:

Card Verification Number:

Expiration Date:

Amount of Payment:

$35.00

Billing address (where you receive your credit card bills), if different from above

Street:

City:

State:

Zip Code:

This document will not be "signed" in the sense of a traditional paper document. To verify the contents of this form, the signatory must enter any combination of alpha/numeric characters that has been specifically adopted to serve the function of the signature, preceded and followed by the forward slash (/) symbol. Acceptable "signatures" could include: /john doe/; /jd/; and /123-4567/. For example: if your name is John Miller, you could type /John Miller/ below.

Signature: Date: