Establish a 2nd mortgage and put your home equity to work for you

Your owner occupied residence is your greatest financial asset. Now you can put that asset to work to help you manage life changes and give you peace of mind knowing you have access to a Home Equity Line of Credit secured against your residence which allows you to tap into your equity at anytime. 

• Eliminate higher interest debt and consolidate into one low monthly payment
  
• Pay for college, vacations, weddings, extra expenses that you want to pay off sooner then a regular mortgage term
• Make home improvements
  
• Get access to cash in unexpected emergencies

A home equity line of credit is a form of revolving credit that can be used as you need it. Your monthly payment is determined by your outstanding balance and the interest rate. Once you establish the line of credit, you can use any portion of it — at any time paying the loan balance up and down for the term of the loan. 

Or you can generate cash with a fixed rate second mortgage for a convenient way to handle a large home renovation, debt consolidation or large single-purpose purchases such as automobiles, medical bills, college tuition, and even extra cash.

Investment properties are not as easy to get equity loans for, but under certain circumstances we have lenders that will accommodate these requests. 

If you have equity and want to access it you should Contact City Center now to discuss your options: 1-213-379-1040.

  Calculate monthly payments and important costs with our mortgage calculators.

  Access informative documents in the reference library.

  Read up on the loan process for a home equity or debt consolidation loan.