Freedom Mortgage HELOC Review
Since 1990, Freedom Mortgage continues to be a full-service direct lender licensed to operate in all 50 states with 8 local centers nationwide. They are a member of Mortgage Bankers Association, National Association of Mortgage Brokers, and an approved Equal Housing Lender. Freedom Mortgage offers multiple home loan options including Cash-Out Refinance, Home Refinance, Home Purchase, HARP, and USDA Streamline.
Services and Features
Freedom Mortgage provides home equity loans including cash-out refinance and home refinance enabling homeowners to lower their monthly payments, make home improvements and repairs, and get access to much needed cash. The company offers several mortgage refinance options based on a client’s financial situation. These options include Conventional, HARP, VA Cash-Out, VA Streamline, USDA Streamline, FHA Cash-Out, and FHA Streamline.
Home equity loan programs from Freedom mortgage enables homeowners to consolidate high-interest debt such as student loans and credit card through its cash-out refinance program. This allows them to reduce monthly payments or pay-off their mortgage sooner by changing loan terms. Freedom Mortgage’s Home Equity Loan also let clients lock in better rates by switching adjustable rate mortgage to a fixed rate.
Their website is equipped with tools and calculators. Its mortgage refinance calculator and mortgage affordability calculator gives homeowners a quick view of how much a home loan is going to cost them and make better decisions based on this information. Customers can get an estimate of how much money they can save by refinancing by entering their current monthly mortgage payment, loan amount, new mortgage rate, and loan term.
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Services and Features |
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Home Equity Mortgage Calculator |
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Refinancing |
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Online Quotation |
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Online Application |
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Financial Guide |
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HELOC Draw Period |
✗ |
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Types of Home Equity Loans |
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Fixed Rate Loans |
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Home Equity Lines of Credits (HELOC) |
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Qualifications |
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Age |
18 years of age and older |
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Credit Score (Minimum) |
Not Stated |
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Primary Home Owner |
Not Stated |
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Accreditations |
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Member of US Department of Housing and Urban Development |
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Member of FDIC |
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Insured by FHA |
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Approved by Equal Housing Lender |
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Plan Details |
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Origination Fee |
Not Stated |
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Closing Cost |
✔ |
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Maintenance Cost |
Not Stated |
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Application Fee |
Not Stated |
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Variable Rate APR |
✔ |
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Fixed Rate APR |
Not Stated |
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Help and Support |
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Mobile App |
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Telephone Support |
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Live Chat |
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FAQs |
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Home Equity Loans at Freedom Homes
Freedom Mortgage is an excellent choice for homeowners searching for home equity line of credit. It helps homeowners make more informed decisions through its simple online tools that give them a quick estimate of how much their loan is going to cost them. But more importantly, its helpful team of loan experts are there to assist with inquiries and the application process.
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