Lenders for Homeowners

Working With Our Preferred Lenders for Refinancing or Leveraging Your Home

When you own a home, the time may come when you want to either renegotiate your mortgage or borrow against the home equity you’ve built up over time. One way of achieving this is through refinancing, in which you obtain a new home loan that replaces your original mortgage. Typically, refinancing allows you to lower your interest rate or convert your home equity into money to reinvest in your property.

Another method is to take out a home equity line of credit (HELOC). A HELOC basically functions like a credit account that you can use to borrow money. It is backed by your home equity. HELOCs typically have lower interest rates than consumer credit cards.

Proud Ground homeowners interested in refinancing or obtaining a HELOC, must get Proud Ground approval prior to obtaining the new loan and work with a preferred lender.