Renovation HELOC Program

Red Oak Mortgage now offers a Renovation HELOC (home equity line of credit). If you're looking to make some home improvements, this is a game-changer in the industry. 

Benefits of a Renovation HELOC:

• You can leave your first mortgage in place and take out a new, second mortgage to finance your home improvements.

• Loan amounts can range from $50,000-$750,000 (up to the cost of the renovation).

• You can borrow up to 125% of the current value of your home (capped at 95% of the future value after renovation).

• There are flexible credit and income qualifications.