Protect your borrower’s low-interest 1st lien rate by tapping into a more affordable FIXED Home Equity Loan vs a Cash-Out Refinance.
Gateway’s home equity solutions give borrowers the cash-flow flexibility they need while protecting their low 1st interest rate. The blended rate is a weighted average of the interest rate of the existing mortgage and the new 2nd lien. That blended rate is often better than the new interest rate on a cash-out refinance.