If you are locked into a low first mortgage rate, refinancing the whole balance to access equity makes no sense in today's market. Our owner-occupied 2nd mortgages and home equity loans let you keep that first loan exactly where it is and tap the equity behind it with a private second.
Unlike a bank HELOC, which can take weeks and requires pristine credit and full income documentation, we underwrite the equity in your home and close fast. Because these are consumer-purpose loans secured by an owner-occupied home, they involve additional disclosures and underwriting requirements, and our team walks you through them from the first call to closing.
Yes. We offer owner-occupied 2nd mortgages and home equity loans so you can tap equity without disturbing your low-rate first mortgage.
A HELOC is a revolving line from a bank that typically requires strong credit, full income documentation, and weeks to fund. Our private 2nd is a fixed loan underwritten primarily on your equity, and it closes faster.
Often, yes. We focus on the equity in your home, so past credit events do not automatically disqualify you, though pricing reflects the overall risk.
Yes. Because they are consumer-purpose loans secured by an owner-occupied home, they involve additional disclosures and underwriting requirements. We walk you through all of them.
Yes. If you are pulling equity from your home for business or investment purposes, we can structure it as a business-purpose 2nd. We help you determine the correct purpose for your situation.
Fidelity Funding Corp · Direct California private money lender since 2006
450 N Brand Blvd, 6th Floor · Glendale, CA 91203 · Mon-Fri 8AM-6PM PT