Home Equity Loans – Leveraging The Power Of Your Home

Owning a home is the fulfilment of a dream and provides a sense of security, it is a major accomplishment. You know all the things that your home means to you, but did you know that it could be leveraged for cash.

Properties appreciate over time and equity or value is built up and this value can be used to allow you to finance a variety of needs;

• Education- whether you decide to further your education or to finance your children’s education, tap into a Home Equity loan for finance
• Home Improvements- get financing to undertake those essential repairs or to improve your home
• Medical – we do not relish medical emergencies, but in the absence of medical insurance Home Equity loans provide a financing option
• Debt consolidation- consolidate debts especially high interest ones to allow for more flexible payments and for more cash in hand
• Investments- whether you want to start a small business or purchase another property, let your home assist with your investment needs.

Borrow up to 80% of the value of your home

SMFC will finance up to 80% of the value of your home to help take care of your investments.

No down payment!!

All that is required of you is the documentation to your home and you’re on your way to accomplishing those important goals. It all depends on the value of your home and the amount you’ve already invested.

Low interest rates

We also offer a low and attractive interest rate so you SAVE over the period that your loan is being paid.

Flexible repayment terms

At SMFC, we know that no two individuals are alike and no two needs are the same, so we have designed a payment plan that is not only affordable but flexible. When you let your home do the homework you have the option of paying over a 20 year period so your payments are comfortable and affordable. Pay a little more if you wish to redeem earlier or if you are concerned about that “rainy day.

Prepayments are accepted without penalty.

Documentation required;

• Copy of Title Deed
• Copy of Survey plan of land
• Extract from Land Register
• Registry map sheet & location plan
• Statement of balances owing on property
• Other loan/debt statements
• 2 forms of picture identification
• Job letter & recent salary slip
• 2 years audited accounts or tax returns (self-employed persons)
• Copy of power of attorney (overseas applicants)

Fees;

• Application fee -$50
• Valuation fee $250-$450 (depends on the location and whether it is land only/house and land)
• 1% Commitment fee
• Viase fees- (depends on the loan amount)

Why stress yourself over financing options for life’s needs?

Enquire about a Home Equity loan From SMFC today and let your home do the homework

See our brochure