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No Income Home Equity Line of Credit (HELOC)

Benefit from SteveKnowsLoans Zero Interest Home Equity Line of Credit today!

One frequent option for homeowners to access the money they need for large-scale endeavors is through a home equity line of credit (HELOC). A home equity loan is a way for a homeowner to tap into the value of their property as collateral for a loan.

Unfortunately, not all lenders are as lenient when it comes to HELOCs. For many institutions, approval is contingent upon proving that you have a reliable source of income. We’re all aware that traditional 9-to-5 jobs with a set 40-hour workweek no longer exist in today’s economy. If you have trouble demonstrating steady work, will that prevent you from qualifying for a HELOC?

Yes! We at SteveKnowsLoans believe that everyone should have access to a HELOC, regardless of when their paychecks arrive. To provide our most loyal customers with access to a No-Income HELOC program, we have teamed up with lenders who share this ethos.

When do I require a HELOC and why?

A HELOC can provide you with the peace of mind that comes from knowing that you have access to finances should the need arise. A HELOC can assist you in the following ways:

  • Reduce interest payments Save for substantial house repairs
  • Fund higher education expenses of any kind
  • Invest in additional property.
  • Help you achieve your business aims
  • Our Interest-Free HELOC Plan

Clients who are retired, in the midst of a career change, or who have an unconventional work schedule may be eligible for a line of credit through our No-Income HELOC program because we do not demand proof of income or employment. Some other features of the show are as follows:

  • There is no required minimum credit score.
  • Applicants need to have a savings buffer of $12,000 to $24,000 in PITI.
  • The program is limited to single-family homes, condominiums, and multi-family dwellings with no more than four total units.

Reach Out to SteveKnowsLoans Right Away!

There are numerous potential causes for your lack of a consistent income, which is a requirement of most loan providers. This doesn’t disqualify you from getting a home equity line of credit to further your professional or personal plans, either. Learn more about the benefits of a No-Income HELOC by contacting us today.

Get in touch with one of our loan advisors today!

*It is only available in select areas, but similar products may be found elsewhere.

Call Steven Jackson at 813-616-9411 now!

Have questions or need help?

Request a call back or email us your questions!

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