Spring EQ Mortgage Programs

When this lender may be reviewed

• A homeowner wants a reusable credit line secured by existing home equity.
• A homeowner wants a fixed lump-sum loan against equity without replacing the first mortgage.

When another lender may fit better

• another lender handles the income or property type under more suitable rules
• another lender offers a lower complete payment or closing cost for the same structure
• the program is unavailable in the state or does not fit the intended property use

What we need for a preliminary review

• loan goal and expected state
• property type, value and occupancy
• income type without sending sensitive documents
• timing and approximate transaction funds
• which of HELOC / Home-equity loan you want to compare

How we compare this lender with others

For Spring EQ, we first check whether HELOC and Home-equity loan apply to the state and property. We then compare income treatment, complete payment, costs, documentation and restrictions without promising approval.