5-Day 2nd Mortgage (HELOC)
- No Tax Returns needed
- No appraisal
- Only provide the last 3-months of deposit history
- Primary residence
- Investment property
- Second homes
- Stand-alone 2nd mortgage
- Use personal bank statements
- 85% Combined Loan to Value
- 660 + Credit Score
- Loan Amounts $50K - $500K
- Starting rate: 8.75%
Speak to a loan officer today
Prime Choice Funding, what can I say other than thank you! You made not only the impossible happen, but you were always available to answer my questions and keep my hope alive.
We bought our house a year ago. It was a Veteran Home Loan; we came upon difficult times, and one of our family members needed help. We drained our savings and were late on our very high mortgage payment for the following two months, which would shy away most lenders with a ten-foot pole. Andrew Carrillo of Prime Choice was still able to get our interest reduced and our mortgage payment reduced by quite a few hundred dollars. I cannot thank him enough for his help and hard work to get our loan passed through and approved. I am forever grateful to him.
If you have the opportunity, veterans, to do an interest reduction on your loan, take it. Try and request Andrew Carrillo to assist you, and hopefully you get Veronica Hall to be the loan processor. These two were better than fantastic—they were constantly in communication with us and with each other. Honestly, they worked very hard to make this happen for us.
I am forever grateful for them. We are looking forward to the future of our home and the lower monthly payment that we will be paying. Veterans, if you want to save some money and would like to look into lowering your monthly mortgage payment, give Prime Choice Funding a call and ask for Andrew Carrillo. He will work very hard to help you out.
Douglas H
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Contact or Get Started Online
Our team of licensed loan officers is prepared to assist you with any inquiries you may have. Applying over the phone can be completed in as little as 10 minutes.
Secure Your Approval
Once you submit your loan application, our team will thoroughly review it, conduct a property appraisal, and complete the underwriting process to ensure your approval.
Secure Your Funds
Once all requirements have been met and we receive clearance to proceed, we will prepare the necessary loan documents. You will then sign the loan documents, and upon completion, your loan will be funded.
See what our clients say about us
My wife and I just refinanced through Prime Choice. We’d been previously stuck with a higher rate with another lender. Working with David Arnold and his team, they were able to lower our rate by a full percentage point, and will stay in contact with us when the rates come down again.
Travis C.
My experience with Prime Choice Funding was exemplary due to Michael Bruner and Vu Hoang! It was a blessing to work with both of them. Michael and Vu were very attentive and responsive throughout the entire process, which created a decisive, smooth, efficient, and trustworthy experience from start to finish. Thank you, Michael and Vu!
Brianna C.
Zack and Chrystal were awesome!!! Chrystal was more than kind, understanding, thoughtful, patient and went the extra mile with very difficult circumstances!! Chrystal was always professional as Zack was. Chrystal ALWAYS was beyond incredible, she truly deserves 1 million stars!! See them in 6 months for another re-fi!! Our go to mortgage company. Amazing job!!
Jack
Amazing!!! The best mortgage lender professionals. Keith and his team went above and beyond for us. They communicated effectively and provided a very smooth process to refinance my home. I couldn’t be happier with Prime Choice Funding. I definitely recommend this company to all who are seeking a mortgage lender.
Matthew H.
Prime Choice is an excellent company to work with. I have done my original home loan, a refi, and a home equity loan through them. Their expertise and professionalism is above and beyond. They made everything easy. I highly recommend them.
Melissa G.
Great company, excellent professionalism and committed to helping you find the best rates! What I found exceptional was the way each of them had my family’s best interest in mind. Thanks again!
Tarea E.
Working with professional and friendly team, key to success, we can’t say enough positive things about the team that worked with us to do our refi. we are very happy with the results and looking forward to the follow up in March. Thank you so much Brighton and Chrystal you guys rock…:)
Elizabeth S.
It’s been an honor to have deal with duo Jennifer and Chrystal they’re such a professional in their field I gave them the maximum 5 five a well deserve for their job well done.. Thanks so much.
Ador C.
Believe me when I say Prime Choice Funding has your best interest at heart! All the representatives (Andrew Carillo, Dave Arnold) were timely, professional & extremely knowledgeable in refinancing my home. They kept me up to date on the status & answered all the questions from the first contact to even after closing!
Where others have failed…Give Prime Choice Funding a try today!!
Cynthia R.
Dave and Sam are great group to work with. They guided me through every step and answered all questions I ask. I would definitely recommend Prime Choice Funding Inc. to anyone. Thank your for the awesome work you do!
Pauline G.
Great treatment from the staff we dealt with, it was a pleasure working with them through the ups and downs of buying a home.
Gustavo P.
It was a pleasure to work with Zack Seither with Prime Choice. We work together as a team and he was great to work with. He assisted my wife and I with our many questions and concerns. He made himself available at anytime to make sure we meet certain time requirements during the process.
Miguel G.
Prime Choice Funding was the best for getting the funding needed and always very professional at all the time from the start to the closing. I gave a 10 not a 5!!! Also Michael Bruner the loan officer to work, he always keep you motiivate and when you needed he always was “over extreme professional at all the time from begginig until the closing”. We are family appreciate everything he did. The Best.
Luis F.
I had a fantastic experience refinancing my home with Prime Choice Funding. Todd and Veronica Hall were absolutely the best—professional, responsive, and always kept me updated throughout the process. They answered all my questions promptly through emails and phone calls, which gave me peace of mind every step of the way. I’m very happy I chose Prime Choice Funding and highly recommend them!
Steven R.
Todd Nedden and his team at Prime Choice are relentless in satisfying the customer and obtaining the loan with the stipulations they require. Todd and Veronica kept me informed throughout the process and never tired of my constant emails and phone calls. They were a pleasure to work with and finalized the loan I requested.”
William L.
I want to thank David Arnold and Robert Foster so much for all of their help and making the process of refinancing our home a breeze! They were available to answer all of our questions quickly and throughly, and explained every step of the process in a way that was easy to understand. We are saving money every month and got a better interest rate, which we will forever be grateful for! I wish I could rate higher than 5 stars because we had an excellent experience and would recommend Prime Choice to anyone in the market. Thank you so much again Dave and Robert!
Kaitlyn C.
Prime Choice Funding, what can I say other than thank you! You made not only the impossible happen, but you were always available to answer my questions and keep my hope alive.
We bought our house a year ago. It was a Veteran Home Loan; we came upon difficult times, and one of our family members needed help. We drained our savings and were late on our very high mortgage payment for the following two months, which would shy away most lenders with a ten-foot pole. Andrew Carrillo of Prime Choice was still able to get our interest reduced and our mortgage payment reduced by quite a few hundred dollars. I cannot thank him enough for his help and hard work to get our loan passed through and approved. I am forever grateful to him.
If you have the opportunity, veterans, to do an interest reduction on your loan, take it. Try and request Andrew Carrillo to assist you, and hopefully you get Veronica Hall to be the loan processor. These two were better than fantastic—they were constantly in communication with us and with each other. Honestly, they worked very hard to make this happen for us.
I am forever grateful for them. We are looking forward to the future of our home and the lower monthly payment that we will be paying. Veterans, if you want to save some money and would like to look into lowering your monthly mortgage payment, give Prime Choice Funding a call and ask for Andrew Carrillo. He will work very hard to help you out.
Douglas H
Frequently Asked Questions
What is a Home Equity Loan?
A Home Equity Loan is a type of loan that allows homeowners to borrow against the equity they have built up in their property over time. It provides a lump sum of money that is repaid over a fixed term, typically at a fixed interest rate.
How does a home equity loan benefit homeowners with a low first mortgage rate?
Homeowners with a low first mortgage rate can utilize a home equity loan to access extra funds while preserving their favorable initial interest rate. The home equity loan works as a separate second mortgage, allowing them to tap into their home’s equity without affecting the terms of their existing low-interest first mortgage.
How is Home Equity calculated?
Home Equity is calculated by subtracting the outstanding mortgage balance from the current market value of the property. For example, if your home is valued at $300,000, and you have an outstanding mortgage of $150,000, your home equity would be $150,000 ($300,000 – $150,000).
What can I use a Home Equity Loan for?
Homeowners can use a Home Equity Loan for various purposes, such as home improvements, debt consolidation, funding education expenses, covering medical bills, or even starting a business. It provides flexibility in using the funds based on your financial needs.
How much can I borrow with a Home Equity Loan?
The amount you can borrow with a Home Equity Loan depends on the lender’s policies and your home’s equity. Typically, lenders allow borrowers to access up to 80-90% of their home’s appraised value, minus any outstanding mortgage balances.
What’s the difference between a Home Equity Loan and a Home Equity Line of Credit (HELOC)?
While both allow you to borrow against your home’s equity, a Home Equity Loan provides a lump sum upfront, and you repay it over time with fixed monthly payments. On the other hand, a HELOC works more like a credit card, allowing you to draw funds as needed up to a set credit limit during a specified draw period, and you only pay interest on the amount you’ve withdrawn.
What are the advantages of a Home Equity Loan?
Home Equity Loans often come with lower interest rates compared to other forms of credit, making them a cost-effective option for borrowing larger amounts. Additionally, the interest paid on Home Equity Loans is often tax-deductible, providing potential tax benefits for some borrowers.
Let’s get started, shall we?
Reach out to us today and discover the immediate support we offer. Our team of licensed loan officers is standing by, fully prepared to assist you with your unique financing needs. There’s no need to prolong the wait any longer. Take action now and secure the financing you require for your goals!
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This website provides information only and does not guarantee credit or loan approval. Dates and information are subject to change without notice. All loan products are subject to credit approval.
Prime Choice Funding, Inc. is not affiliated with or acting on behalf of or at the direction of FHA, VA or the Federal Government.
* By submitting the form above, you grant Prime Choice permission to contact you via phone, email, text, and other means. If you have any questions or concerns, please call 877-787-7463 or send an email to info@primechoicefunding.com. Privacy Policy | Terms of Use | SMS Terms | Licensing | Prime Choice Funding, Inc. | 17852 E 17th St, Suite 107, Tustin, CA 92780 | NMLS ID: 117375, NMLS Consumer Access | Equal Housing Lender | Arizona Mortgage Banker License #940991 | Texas State Compliance.
This is not a commitment to make a loan. All approvals are subject to creditworthiness, underwriting guidelines, satisfactory title and appraisal on your home. Minimum and maximum loan amounts do apply. The final decision is subject to the lender’s approval and may be based on additional information or documentation that is required during the underwriting process. Not all applicants will qualify. Prime Choice Funding, Inc. is not affiliated with or acting on behalf of or at the direction of FHA, VA or the Federal Government.