What Are The Basic Loan Categories?
Home Equity Use a Home Equity Loan to consolidate bills, make home improvements, buy a new car or plan a vacation. Get cash quickly at relatively low interest rates by using your home as collateral.
With tax-deductible interest, the ability to borrow up to 125% of the value of your home and interest rates that are typically lower than other forms of consumer credit, using your home's equity is just a smarter way to borrow!
Refinance Refinancing replaces your existing loan with another loan for the same amount, but with a lower interest rate. You can use the cash for whatever you want - home improvements, a new car, or even a vacation!
If you have equity in your home, refinancing can reduce your interest rate, change the term of your loan, or consolidate your debt. Instead of using your home as collateral, refinancing allows you to incorporate your debt into the amount owed. One monthly payment, one low interest rate!
Refinancing is a smart way to simplify bill payments - combine them into one low payment or pay off your debt with cash!
Home Improvement
Whether you need minor repairs, extensive remodeling, or a new pool, you can give yourself a safer and more comfortable home with our Home Improvement Loan!
A Home Improvement Loan can be a tax-deductible way to improve your home and increase the value of your property. Typically, there are no restrictions for home improvements, so long as they are within the boundaries of local building requirements.
This type of loan is a fully amortized, fixed rate loan placed in second position on the title of your home. Because the Home Improvement Loan is essentially an equity loan or second mortgage, a major advantage is your ability to write off the interest on your payments. Debt Consolidation Stop struggling to keep track of all those bills! Take advantage of a Debt Consolidation Loan to cut down your paperwork and reduce your payments. Start cleaning up your finances and consolidate your debt today!
Debt Consolidation is a breeze with a high LTV Loan that lets you borrow up to 125% of your home's value. (LTV= Loan To Value.) This loan combines all of your debts into one low monthly payment, making it ideal for owners that have little or no equity in their home.
NOTE: Interest rates are higher than home equity loans and refinancing and, in most cases, the only thing that you can deduct is the value of your home.
New home Whether it’s your first home or the one you’ve been working toward your whole life, Sistar Mortgage can help you get the loan you want! Get great rates nationwide on new home loans and mortgages for new home purchases! The application process is fast, and easy. Take the first step towards your new home and apply now!
Construction Your new home, the way you always imagined it! Turn your dream into reality from the foundation up with our New Home Construction Loan - Construction-to-Permanent Loan - One loan, one closing, one set of fees! Get construction financing and permanent financing all in one loan!
- Lot Loan - Use a Lot Loan to purchase a residential lot for future construction. When you’re ready to build, we’ll help you get a Construction-to-Permanent Loan!
- Bridge Financing - Don't wait to sell your old home! You can access equity in your current home to use as down payment on a Construction-to-Permanent Loan.
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