Home Equity Loans
Home Equity Loans

Home Equity Loans

Home equity is your equity or stake in real estate. This is the difference between the current market value of your home minus the outstanding balance of the loan or mortgage balance on the property.

The equity of your home increases when the value of the property goes up or you make mortgage payments, or both. Your home equity decreases if the value of your home goes down or if you refinance the mortgage to increase your mortgage balance or can be a combination of both.

How does this work?

At Sunlite Mortgage we help you get access to your home equity at the lowest available rate regardless of your income or credit and your loan could be funded in as little as three days.

Home equity loans can help you get over many financial hurdles. This type of loan can be used to:

  • Pay high interest loans back and credit cards bills
  • Renovate home or office space
  • Pay for Education of your child
  • Invest in a new business

Call your Sunlite Mortgage agent for a home Equity loan today