You worked hard to earn the equity in your home, use it for what you want!
Tampa Bay home values have skyrocketed; the average house purchased in 2017 has increased in value by 78% (equivalent to $227,115)!***
The equity in your home is like a Savings Account, and you could have FAST access to cash that can be used for whatever you want.
Why wait? Let us help you get started, so you can use your home's equity!
Great options to help you take advantage of the equity in your home
We've streamlined the process from start to finish and can go from application to funding in less than 35 days. In many cases, we can determine the value of your home in minutes without an appraisal** at no cost to you!
Cash Out Refinance
Replace your current mortgage with a new loan to access the cash difference between your mortgage balance and your home’s value.
Home Equity Loan
This loan is also known as a second mortgage. It allows you to take out one lump sum of cash and repay it over time with a fixed monthly payment. Like a Cash-out Refinance, you can borrow the difference in your mortgage and home value, but you have two monthly payments instead of one.
Home Equity Line of Credit
This is a revolving line of credit, similar to a credit card, which allows you to access your home’s equity. Unlike a fixed Home Equity Loan, HELOCs are 2nd mortgage products that have an open-ended term structure that allows you to continue to borrow funds up to the approved limit. A loan like this is perfect if you want to take advantage of the equity in your home, but don't want to borrow all the funds at once.
Not sure how much equity you have? No problem!
Our experienced team of Loan Executives is eager to help you and discuss which loan option works best for your needs.
To talk to a GTE Loan Executive, call (813) 871-2690 ext 40518 or schedule an appointment at your Community Financial Center.
CALL NOW SCHEDULE APPOINTMENT