Veronica G

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Recent activity by Veronica G Recent activity Votes
  • HELOC Payments Explained

     PaymentsYears 1-5During the first 5 years, the HELOC payment is interest-only. This means the monthly payment covers only the accrued interest, not the principal balance. Calculation: (Interest ra...

  • Spanish Speaking Notary

    When you begin your closing, you will see a message below the "JOIN NOW" button that states:"Comunicate con un notario hispanohablante"By using this button, a Spanish-speaking notary will join the ...

  • Borrower Login Link

     Once you log in you will be able to find details on your application and/or loan, including your documents, disclosures, conditions, etc.Please use this link to log in once you have created your a...

  • Mortgagee Clause

    1st Lien HELOCShellpoint Mortgage ServicingISAOA / ATIMAPO Box 7050Troy, Ml 48007-7050 2nd Lien HELOCHOMEBRIDGE FINANCIAL SERVICES INC.99 Wood Ave. SouthSuite 301ISELIN, NJ 08830

  • Funding a HELOC

    Once your have finalized the closing with the Notary, your rescission period will begin the following business day.For primary residences properties – there is a three (3) day rescission period for...

  • Credit Report Dispute Information

    For issues with your credit report including managing credit freeze/lock, reporting fraud, removing/adding fraud alerts, identify verification, remove blocks from bureau file preventing lenders fro...

  • Vesting in a LLC

    A HELOC cannot close vested in a LLC.The Property Deed needs to be out of the LLC and in the borrower's name before we start the application and when we fund the HELOC. The system will NOT draw up ...

  • Use of Funds

    Home equity lines of credit can be used for home improvement, to buy a car, pay for college tuition, to make major purchases including other real estate, or debt consolidation.

  • HELOC Product Description

    The HELOC is a standalone product. It requires a minimum 75% draw at closing and has no prepayment penalties:Available in all 50 states and DC• Minimum Loan Amount $25,000*• Maximum Loan Amount $75...

  • Out of Pocket Expenses

    Generally, there are no out-of-pocket expenses if the loan amount is under $500,000 and no full appraisal is required.All fees and closing costs are netted against loan proceeds at settlement. This...