FAQs

HELOC General Questions

• Number of Borrowers and NPEs Allowed
• Origination Fee
• Business Hours
• Credit Report Dispute Information
• Hazard Insurance
• Properties Listed for Sale

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HELOC Pre-Qualification

• Prequalification (PQ)
• Minimum and Maximum HELOC Amounts

HELOC In-Process

• DTI & Income Verification - Five Methods of Income Verification
• DTI & Income Verification - Selecting the Income Type
• DTI & Income Verification - W2 Income Verification - TWN (The Work Number)
• DTI & Income Verification - W2 Income Verification - Plaid
• DTI & Income Verification - W2 Income Verification - Truework
• DTI & Income Verification - Self Employed Income Verification - Plaid

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HELOC Closing

• HELOC Payments Explained
• Spanish Speaking Notary
• Funding
• Closing
• QC & Clear to Close
• Title Insurance

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HELOC Repayment

• Lifetime Rate Floor and Cap
• Annual Fee
• HOI Verification
• Loan Servicing
• Pre-Payment Penalties
• Interest Paid Tax Questions