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RHELOC

***NEW LIFE CHANGING PROGRAM***

THE ONLY Inflation proof and recession proof program, (Available for “FULL DOCS” and “NO DOCS” loan programs, for both owner occupied and investment properties)                          

E-Funding is proud to present the RHELOC program for the first time ever. The RHELOC Program is a REVERSE HELOC, with unique underwriting approach, structured to allow all qualified homeowners to safely access the equity of their homes without having to refinance the low rate first mortgage, transferring “most if not all” their monthly liabilities (IF or when needed), including but not limited to the first mortgage monthly payments, RHELOC monthly payments or even use it as a down payment on another real estate property/fixer upper with a guaranteed and secured return on investment, to create profits and help pay itself off. The RHELOC program allows all qualified homeowners to IMMEDIATELY enjoy the benefits of a reverse mortgage, NOW, regardless of their age, and without unnecessary regulations and classes.

HELOC

A stand alone or piggyback equity second that allows homeowners to access the equity in their homes without losing their low interest rate firsts.

• Loan Amounts up to $450k
• FICOs starting at 660
• O/O Full Doc max 80% CLTV
• O/O Bank Statements max 80% CLTV
• N/O/O Full Doc max up to 80% CLTV
• N/O/O Bank Statement max up to 75% CLTV
• Max DTI up to 50%
• O/O: Use original appraisal within 12 months and Appraisal Review or New appraisal with AVM is required
• N/O: Use original appraisal within 12 months and Appraisal Review or New 2055 appraisal and appraisal review
• Combined Liens up to $2MM
• No Assets required
• Now Allowing 1st lien to have I/O features (Max DTI 45%)