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Mortgage + Home Equity Financing

Features

Benefits

  • With the home equity line of credit you have ongoing access to your available equity without reapplying. 
  • Choose to advance funds at the line of credit variable rate or advance funds and lock in your rate with a fixed-rate advance.

Considerations

  • You will have to make two separate monthly payments.
  • With the variable interest rate on your line of credit balance, your monthly payments may increase or decrease as interest rates fluctuate.
Want to learn more? Contact Us
Conventional conforming mortgage
A mortgage that is not obtained under a government program (FHA or VA) and satisfies the underwriting guidelines and loan limits set by Fannie Mae or Freddie Mac.
Variable interest rate
An interest rate that may fluctuate or change periodically, often in relation to an index, such as the prime rate or other criteria. Payments may increase or decrease accordingly.