Veronica G

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  • Signer Experience for Closing the HELOC

    Please check below link for the signer experience demo for Proof. https://demo.proof.com/pages/notarize-signer-realestateIf you encounter borrower having issues with closing you can provide these c...

  • Maximum Loan Amount and CLTV Per FICO Score

    Primary Residence600-619 $250,000 maximum loan amount50% maximum CLTV620-639$250,000 maximum loan mount55% maximum CLTV640-659$500,000 maximum loan amount65% maximum CLTV660-679$500,000 maximum loa...

  • HELOC Payments Explained

     PaymentsYears 1-5During the first 5 years, the HELOC payment is interest-only. This means the monthly payment covers only the accrued interest, not the principal balance. Calculation: (Interest ra...

  • Spanish Speaking Notary

    When you begin your closing, you will see a message below the "JOIN NOW" button that states:"Comunicate con un notario hispanohablante"By using this button, a Spanish-speaking notary will join the ...

  • Is there a Mobile App?

    There is no HELOC mobile app.Our website is mobile responsive which means it fits nicely into the size of a mobile phone screen. The application can be completed start to finish on any mobile device. 

  • Mortgagee Clause

    1st Lien HELOCShellpoint Mortgage ServicingISAOA / ATIMAPO Box 7050Troy, Ml 48007-7050 2nd Lien HELOCHOMEBRIDGE FINANCIAL SERVICES INC.99 Wood Ave. SouthSuite 301ISELIN, NJ 08830

  • Expiration Dates

    AVM Valuation - 30 daysHard Equifax FICO8 credit pull - 90 daysIf any of these pass the expiration date, they will be rerun and may cause updates to the HELOC offers (HELOC loan amount, CLTV, etc).  

  • Pre-Payment Penalties

    There are no pre-payment penalties for the HELOCs.  

  • Personal Information Security

    Our HELOC program does not store the username or password and cannot view the credentials during entry. It is the most effective way for us to protect your information securely against fraud or una...

  • HELOC Product Description

    The HELOC is a standalone product. It requires a minimum 75% draw at closing and has no prepayment penalties:Available in all 50 states and DC• Minimum Loan Amount $25,000*• Maximum Loan Amount $75...