Loan Programs

HELOC Overview

The HELOC program is Home Equity Line Of Credit.

Index + Margin. 30 Years term, 10 Yrs I/O Draw Period followed by 20 Years Amortization.
* Index: Prime Mortgage Rate floated with the market.
   Margin: Subject to loan scenarios.

HELOC Program Highlights

Prime HELOC

♦ 30 Years Term (10-year draw period followed by a 20-year repayment period).
♦ No Prepaid Penalty;
♦ Title and Escrow Closing Fee $370-$650 (Closing with Title Company Designated by AAA LENDINGS);
♦ Concurrent (Max CLTV/HCLTV 89.99%)(Min FICO 680)(The 1st lien must be done at AAA)/Standalone(Max CLTV/HCLTV 85.00%)(Min FICO 700)

Investment Ineligible

Expanded HELOC

♦ 30 Years Term: 2, 3, 5 or 10 years Draw Period with a 10 Years Interest Only Draw Period followed by 20 Years Amortization;
♦ No Annual fee;
♦ No Prepaid Penalty;
♦ Primary & Second home are eligible;
♦ Investment Property is eligible, please call for price.

Why choose HELOC?

All in all, a HELOC may be a wonderful choice for borrowers at a time when most products’ interest rates are generally rising.

If you have any questions about HELOC Loans, 

Please email to hello@aaalendings.com or call us: 1 (877) 789-8816.