What is a Home Equity Loan?

Benefits of Home Equity and Heloc's

Access to Cash: Unlock the value of your home to access funds for various purposes, such as home improvements, education expenses, medical bills, or other significant expenditures.

Potential Tax Benefits: Interest paid on home equity loans or HELOCs may be tax-deductible, depending on how the funds are used and current tax laws. Consult a tax professional for specific advice.

Flexible Repayment Options: Choose from a fixed-rate home equity loan with predictable payments or a HELOC with flexible borrowing and repayment options.

WHY CHOOSE US

What We Offer To You

Welcome to Las Vegas Mortgage, where we specialize in providing tailored financing solutions through Home Equity Loans and Home Equity Lines of Credit (HELOCs). Whether you're looking to tap into your home's equity for home improvements, debt consolidation, or other financial needs, our expert team is here to guide you through the process with personalized service and competitive rates.

Expert Guidance

With extensive experience in the mortgage industry, our team at Las Vegas Mortgage understands the nuances of home equity financing. We provide expert guidance to help you choose between a home equity loan and a HELOC, based on your specific financial goals and needs.

Personalized Service

Every borrower is unique. I take the time to understand your specific needs and financial goals to provide customized loan solutions.

Easy Application Process

Our streamlined application process makes it easy to access the equity in your home. From initial consultation to closing, we provide comprehensive support to ensure a smooth and hassle-free experience.

Commitment to Clients

Your satisfaction is my top priority. I am dedicated to providing transparent, honest, and responsive service throughout the entire loan process.

Local Expertise

As a locally-based mortgage company, we have a deep understanding of the Las Vegas real estate market. Our insights and connections enable us to offer you valuable advice and assistance, whether you're buying a home in the city or the surrounding areas

Comprehensive Loan Options

We offer a wide range of mortgage products, including FHA, VA, conventional, and jumbo loans. This diverse selection allows us to tailor our offerings to meet your specific financial needs and goals, ensuring you get the most suitable loan product for your situation.

Mortgage Pre-Approval

Secure your financing before you start shopping. Our pre-approval process is quick and easy, giving you a clear understanding of your budget and making you a more attractive buyer. Start your journey with confidence!

House Shopping

Explore a wide range of properties that fit your needs and lifestyle. Whether you're looking for your first home, a vacation retreat, or an investment property, our team is here to guide you through the search and help you find the ideal match.

Loan Application

Complete your mortgage application with our streamlined and user-friendly process. Our experienced loan officers will assist you every step of the way, ensuring all your questions are answered and your application is processed smoothly. Let us help you make your homeownership dreams a reality!

WHAT’S THE BEST

Mortgage Programs

At Las Vegas Mortgage, we offer a variety of mortgage programs tailored to meet your unique financial situation and goals. Whether you're a first-time homebuyer, a seasoned investor, or somewhere in between, we have the perfect loan solution for you.

Specific Programs

FHA Loans: Ideal for those with lower credit scores or limited down payment funds.
Conventional Loans: Flexible options with competitive rates for a range of borrowers.
USDA Loans: Great for rural property buyers, offering zero down payment.
VA Loans: Exclusive benefits for veterans and active-duty military members.
DSCR Loans: Perfect for real estate investors focusing on cash flow properties.
Bank Statement Loans: Designed for self-employed borrowers who need to show income differently.
ITIN Loans: Accessible options for those without a Social Security number.
Foreign National Loans: Financing solutions for non-U.S. citizens.
Fix and Flip Loans: Short-term financing for property renovation and resale.
Cannabis Industry Loans: Tailored loan options for professionals in the cannabis sector.
1099 Loans: Options for independent contractors and freelancers with 1099 income.
Private Money Loans: Quick and flexible funding for unique situations or investments.

OUR TEAM

Our Staff Profiles

KeVIN SCHANDA

SENIOR MORTGAGE ADVISOR

NMLS 93971

JONATHAN FESSER

MORTGAGE ADIVSOR

NMLS 2225687

BONNIE CLOCKEL

MORTGAGE ADVISOR

NMLS 1906508

Frequently Asked Questions

What is the Difference Between a Home Equity Loan and a HELOC?

A home equity loan provides a lump sum of money with a fixed interest rate and fixed monthly payments, ideal for one-time expenses. A Home Equity Line of Credit (HELOC) is a revolving line of credit with a variable interest rate, allowing you to borrow and repay as needed, making it suitable for ongoing or unpredictable expenses.

How Much Can I Borrow with a Home Equity Loan or HELOC?

The amount you can borrow is typically based on a percentage of your home's equity, often up to 80% to 90% of the home's appraised value, minus any existing mortgage balance. The specific amount will depend on your creditworthiness, income, and the lender's terms.

What Are the Typical Interest Rates for Home Equity Loans and HELOCs?

Interest rates for home equity loans are generally fixed and can vary based on market conditions and your credit profile. HELOCs usually have variable interest rates, which may change over time based on the prime rate or other benchmarks. It's important to compare rates and terms from different lenders.

How Do I Qualify for a Home Equity Loan or HELOC?

To qualify, you typically need to have sufficient equity in your home, a good credit score, a stable income, and a low debt-to-income ratio. Lenders will also require a property appraisal to determine the current market value of your home. The specific qualifications can vary by lender, so it's best to consult with them to understand their requirements.

What Are the Risks of Using a Home Equity Loan or HELOC?

Yes, funds from a home equity loan or HELOC can be used for various purposes, such as home improvements, debt consolidation, education expenses, medical bills, or even vacations. However, it's important to use these funds responsibly, as they are secured by your home.