Loan Programs

Second Mortgages

Tap your equity without touching your first mortgage rate.

A second mortgage is a home loan that allows homeowners to borrow against the equity they have built in their home while leaving their existing first mortgage — and its low rate — untouched. The two most common forms are a Home Equity Line of Credit (HELOC) and a fixed-rate home equity loan.

Whether you are renovating, consolidating high-interest debt, paying for college, or funding an investment, a second mortgage is often the smartest way to access cash without refinancing your first loan at today's rates. Van closes HELOCs and home equity loans quickly and will show you the true cost of each option.

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Key Second Mortgage Characteristics

  1. Keep your existing first mortgage and its low interest rate in place.
  2. HELOC: a revolving line of credit you draw on as needed, typically with interest-only payments during the draw period.
  3. Home equity loan: a fixed-rate lump sum with predictable monthly payments.
  4. Borrow up to 85% to 90% of your home's value, combined with your first mortgage.
  5. Interest may be tax-deductible when funds are used to improve your home (consult your tax advisor).
  6. Lower closing costs and faster closings than a full cash-out refinance.
  7. Use the funds for renovations, debt consolidation, tuition, investments, or anything else.
Other Loan Programs

Not sure which program fits?

Van will walk you through every option in one call — no pressure, no runaround.

Conventional Loans

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Self-Employed Loans

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Reverse Mortgages

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