HOMEWORKS®
Rates & lending guidelines
How it works
Once your client is approved, they can access up to 65% of the value of their home and use it for whatever they need such as:
- Saving for an emergency fund
- Taking advantage of an investment opportunity
- Consolidating debt
- Renovating their home
- Purchasing a rental/vacation property
- Paying off credit cards
| Amount | Rate | Monthly payment | |
| Mortgage | $200,000 | 6.00% | $1,432 |
| Car loan | $13,000 | 6.50% | $254 |
| Credit card | $3,000 | 19.99% | $151 |
| Line of credit | $8,000 | 7.00% | $350 |
| Total | $224,000 | $2,187 |
| Amount | Rate | Monthly payment | |
| HOMEWORKS® loan | $224,000 | 5.00% | $1,200 |