Delaware Home Equity Loan | Get FHA, VA, USDA Mortgage Rates and Tips

Access your home’s equity without touching your low-rate first mortgage.

In today’s market, many homeowners are sitting on substantial home equity but hesitate to refinance because their current first-mortgage rate is far below today’s rates. That’s where a Non-QM Stand-Alone Second Mortgage—also known as a Closed-End Second Lien—can make perfect sense. Tap into your equity without touching your first mortgage. Income verification a problem? Or high debt to income ratio keeping you from qualifying for a traditional HELOC? Then give Home Equity Loan specialist John Thomas Loan Officer with Primary Residential Mortgage a call at 302-703-0737 or APPLY ONLINE

What is a Stand-Alone Second Mortgage?

A stand-alone second mortgage allows you to borrow against your home’s equity without touching your existing first mortgage. Rather than refinancing your entire balance into a higher-rate loan, you take out a second lien for a lump-sum amount, typically up to 90% combined loan-to-value (CLTV) based on your credit, income, and property type

These second liens are ideal for:

Debt consolidation – Pay off high-interest credit cards or personal loans.

Home improvements – Remodel, add an addition, or make energy-efficient upgrades. Keep Reading...