It's Time to Start Flexing Your Home's Equity Muscles with GPO, Your Home Lending Headquarters!
05/14/2024
Flex equity refers to a type of home equity loan and line that allows homeowners to access the equity they have built up in their property. It’s a flexible way to tap into the value of your home without having to sell or refinance.
Advantages of a Flex Equity:
With OUR Flex Equity 2-For-1 Loan & Line combo you can turn the equity in your home into ongoing and affordable financing.
Access to home equity: With a flex equity loan, you can access the equity you have built up in your home. This can provide you with a substantial amount of funds to use for various purposes.
Flexible in borrowing: Unlike a traditional home equity loan or line of credit, flex equity loans are more flexible in borrowing. You can choose to borrow a lump sum or take out funds as needed, similar to a line of credit. This allows you to have more control over your borrowing and use the funds when and how you need them.
Competitive interest rates: Flex equity loans come with competitive interest rates, making them an affordable option for homeowners. These rates are typically lower than other forms of unsecured borrowing, such as personal loans or credit cards.
Potential tax benefits: In some cases, the interest paid on a flex equity loan may be tax-deductible, depending on your specific circumstances.
The Seamless Process:
Are you ready to apply for a flex equity with GPO but not sure where to start? Give us a call or stop in and we will get you started!
Gather documentation: Prepare the necessary documentation, such as proofs of income, employment history, identification, and details about your property. This will be used to assess your eligibility and determine the loan amount.
Submit an application: Complete the loan application (we will help along the way with any questions you may have!). The application will require you to provide personal and financial information, as well as property details.
Evaluation and approval: We will evaluate your application, including factors like credit score, income, employment history, debt-to-income ratio, and the value of your property. When approved, you will receive an offer outlining the loan terms and conditions.
Closing and disbursement: Once you accept the loan offer, we will complete a closing process of signing the necessary documentation. After that, the funds will be disbursed to you and you can start using them as planned.
Why Choose GPO for your Flex Equity:
A flex equity through GPO comes with many perks.
Accommodating repayment terms that work uniquely for you and your circumstance.
15-year draw period with funds available anytime without reapplying; apply once, then use repeatedly thereafter.
Revolving credit — as principal is repaid, more becomes available for use.
Quick, local decision-making and processing with attentive, friendly service from start to finish!
