By borrowing against the equity in your home, you create a line of credit that you control. Pay down your line and use these funds over and over again. After the fixed rate introductory period the interest rate becomes variable and changes to prime rate plus a margin. Rates and programs subject to change.
Property insurance is required.
An appraisal fee may be required. Fixed Rates are also available. FHA, VA and other government mortgage loan programs. We offer special construction mortgage financing and have an in-house appraisal department. You'll get all the advantages of B.O.B. with a shorter term and lower rates.