What Is Home Equity?
Home equity is itself the part of a home’s value that the mortgage borrower owns outright. It’s the difference between the fair market value of the home and the principal balances of all mortgage loans.
What Our Customers Are Saying
“Hometown Equity Mortgage made buying my first home a breeze! I was nervous and in no way versed in the ways of real estate, but these guys made it all very simple. I did not have good credit by any means, but I ended up with very competitive rates, and before I knew it the process was complete and we had the keys. If any friends or family ask how I got my mortgage done so smoothly, I refer them to my new friends at Hometown Equity Mortgage. Special thanks from me and my family to Shawn Allen and Don Miller!” – Jonathan S.
“As a first time home buyer, Bob McGrail/Hometown Equity Mortgage guided me through the process and made it easy. Not only was he diligent in getting the work done, he knew the ins and outs of a very particular loan that I needed. They got my loan done fast and found every opportunity to get me every benefit possible throughout buying this home. I would highly recommend Hometown Equity Mortgage to anyone buying a home.” – Craig | Kansas City
*Disclaimer: Certain restrictions and credit approval apply; not all applicants will qualify. All approvals are subject to underwriting guidelines which include but are not limited to: acceptable credit & income history, current homeowners insurance, property value, debt to income ratio, etc. Minimum & maximum mortgage loan amounts apply. Please contact Hometown Equity Mortgage for further details.