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Home Equity Loan

Clients applying for Home Equity LoanHome Equity Loan can be used for debt consolidation, like creating one payment to take care of all their credit card debt. Others use Home Equity Loan for house improvements, medical expenses, or education.

Equity is the difference between your home's appraised value and your outstanding mortgage balance. Home Equity Loan may be an effective way to get the additional cash you need at a good price.

* This program is temporarily suspended.

Putting off house repairs? Trying to get out of debt? Whether you have good or bad credit your home's equity can work for you!

How Does a Home Equity Loan Work?

Whether you are in Queens, Brooklyn or Long Island NY a home equity loan permits you as a proprietor to get a loan by using the equity in your house as collateral.

Once the house is purchased and you begin to make payments, the share of the house you own independent from the lender begins to grow. The amount of money you have available in the house (the amount not owned by the lender) is known as "equity" because its value belongs to you.

The equity consists of whatever funds you have invested in your house in order to own it or improve it. Since it is a debt against your own house, which you are in real possession of this loan is a secured debt. The property can be required to be sold if the creditor wants the money back that you have borrowed.

Home Equity Loan vs Line of Credit HELOC

There are two types of equity loans: closed-end loans and home equity lines of credit (HELOC). For consumers who qualify, Artisan Mortgage offers closed-end loans.

With a HELOC, you access your credit line via telephone or by writing checks provided by the bank. Your property secures the loan, and you draw on your line of credit as you see fit. Interest is paid only on what you borrow. As with other products, the interest you pay may be tax deductible. Please consult your tax advisor for details.

We offer a variety of loan products along with competitive rates and closing costs. We have three incentives on processing your loan: To provide you with unbeatable service, To close your loan in 30 days, and To provide you with the best product to meet your personal and financial needs. Please contact us today to get more information. We have a variety of loan types available with competitive rates and terms. Please contact a loan officer at Artisan to assist you in finding a solution to meet your financing needs

We know that your needs are different from anyone else's. That's why we give you personal, one-to-one service. Call us to speak with a loan consultant to see if this program makes sense for you. Or fill out our no-obligation Request Form. We are committed to providing quality service to our customers, whether you prefer to apply online, in person, or by e-mail. With this in mind, we hope you find our website useful, and we would appreciate any suggestions or comments you might have.

Advantages of a Home Equity Loan

With potential tax advantages, and interest rates lower than most other kinds of consumer credit, equity products are smart, powerful tools that can help manage one of your most important assets - your home.

You can Cash in on your home's equity and...

After the ten year period many of these programs offer the ability to have a ten or twenty year repayment period. Several of our programs do require a minimum initial withdrawal, so make sure our loan specialist are aware if this is important to you.

Investors and Lenders frequently change their rates and from one day to another, may not stay competitive! By having us monitor the market and by "shopping the rate," we can ensure that you are always getting the Best Rates to suit your particular needs.

When looking for a equity product you may be guessing:

If you would like additional information on Home Equity Loan rates, please fill outĀ the form on the right side. We are able to obtain better discounts than our competitors and we get the fastest service from loan sources. We are then able to pass these discounts and great service on to you, our customer!

We continue to seek all possible reductions in paperwork, thereby expediting loan approvals and closings. This method of operation creates greater flexibility and attention to detail resulting in more comprehensive and specialized attention to your needs.

Get Your Quote Today!

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Talk to an Expert

Talk to a licensed Loan Officer who can answer all your questions, quote rates and find your best loan.

(800) 499-0141

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Accreditation & Awards

  • A+ Rating with Beter Business Bureau (BBB)
  • Over 19 years of experience
  • Voted The Best Mortgage Company on Long Island
  • New York Association of Mortgage Brokers NYAMB
  • National Association of Mortgage Brokers NAMB

Get Started

Our specialists will get in touch with you to consider your options and see how a Home Equity Loan can help you make the most of what you have:

  1. Submit quote request.
  2. Visit an Artisan branch.
  3. Call 1.800.499.0141