How to navigate the home equity market with confidence

Home equity news

Find the latest home equity and mortgage financing news on the Cannect blog.

The reverse mortgage. It sounds perfect based on what the dazzling commercials and flawless brochures tell you: You...

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When you think about it, we have a very special relationship. You have entrusted us with your money....

Know your equity. Know your options.

Don’t let banks and other lenders push you around. You’ve worked hard to build up equity in your home. We believe you should be able to access that equity without penalty. Here’s how.

Home equity loans. What they are, and when you’d want one.

From home renovations to debt consolidation, there are many reasons why you may be looking for a loan. See how a flexible term, low interest home equity loan can help you solve today’s money needs, without mortgaging your future.

Borrowing options for homeowners

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CannectFlex loan

A fast, flexible-term home equity loan that sets you up to save when it’s time to renew your mortgage.

Loan amount

$25k – $1 million

Typical interest

5.49 – 9.99%

Typical fees

Moderate

Terms

Flexible

Time to close

As fast as 24 hours

Credit/income requirements

Flexible

Home equity line of credit (HELOC)

Available credit that you may use on an as needed basis, but may lead to an increased mortgage rate when it’s time to renew.

Loan amount

$5k – $500,000k

Typical interest

3.85% – 7%

Typical fees

Low

Terms

Strict

Time to close

A week or more

Credit/income requirements

Strict

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Mortgage refinancing

A slow to secure, long-term, refinanced mortgage that combines all your debt. If it costs less to refinance now, Cannect gets you these savings.

Loan amount

$25k to $1 million or more

Typical interest

2.49 – 3.25%

Typical fees

High

Terms

Strict

Time to close

A week or more

Credit/income requirements

Strict

Competitor 2nd mortgages and home equity loans

A home equity loan at a higher interest rate than your current mortgage, from competitors who don’t have your long-term savings in mind.

Loan amount

$25k – $1 million

Typical interest

7 – 11%

Typical fees

High

Terms

Strict

Time to close

A few days or longer

Credit/income requirements

Moderate

See how we help you save over the competition

Appraisers directory

When you need a new, independent verification of the valuation of your home to confirm you get the best value when accessing your equity, this is the place to start.

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