Filo Mortgage Home Equity Loans

Filo Mortgage Home Equity Loans Review

Filo Mortgage Home Equity Loans is offered by Filo Mortgage (NMLS #1928741), a direct lender founded in 2019 and based in Conshohocken, PA. Filo Mortgage Home Equity Loans are available in 50 states (and Washington, DC).

Filo Mortgage Home Equity Loans FAQ

How much can you borrow with a Filo Mortgage Home Equity Loans home equity loan?

A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.

Filo Mortgage Home Equity Loans allows borrowers to apply for home equity loans of up to $500,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

What are the home equity loan requirements of Filo Mortgage Home Equity Loans

This lender's maximum loan to value rate is 90%. That means the total debt secured by the property cannot exceed 90% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $70k.

What home equity loan rates does Filo Mortgage Home Equity Loans offer?

Filo Mortgage Home Equity Loans offers home equity loans with a that ranges from 7.50% up to 11.0%.

Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does Filo Mortgage Home Equity Loans charge for a home equity loan?

Filo Mortgage Home Equity Loans may charge a loan origination fee

Is Filo Mortgage LLC a legit company?

Filo Mortgage Home Equity Loans was founded in 2019. It is an established company that has been in business for 4 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.