Types of Auto Pilot Home Loans

Whether you are in the market for a loan to have your home built, or to buy an existing home, to use the equity in your home for refurbishments or debt consolidation, or you wish to refinance your home without a cash withdraw you can find a solution through Autopilot House Loans.

• New home loans: for the builder or buyer in you that wants to be the first to own property or move into a home fresh off of the architect's blueprints. The new home loans are versatile, coming in many formats from conventional loans to adjustable rate loans, and can have their lengths adjusted to be virtually any length between 10 and 60 years long. Whether you've had your eye on a particular home in the neighborhood, want to expand your current property by buying a neighboring lot, or you own property and need to finance building a home on it, this loan type is for you and is available through our lenders.
• Refinancing: If you're one of the millions of Americans who took out an Adjustable Rate Mortgage (ARM), and were dismayed to see your interest rate start to rise after a few years, you are not alone in wanting to refinance to a fixed-rate loan. Alternatively, you may have other reasons for wanting to refinance your home. Maybe you've nearly paid it off and want to try a reverse mortgage for awhile in order to receive some income. Whatever your reasoning, a refinance to various loan types is available here.
• Home equity products: Using the equity in your home is a good idea if you have a specific use planned for the money. Many people are turning to home equity loans and home equity lines of credit in order to consolidate their debt and bring all of their bills under one roof (literally). A home equity loan is a one-time loan taken out against the equity in your home and may be any amount less than what is approved to you by a lender up to the maximum. A home equity line of credit is more like a revolving credit card account. Once you've used and paid off part of the loan, it becomes available for your use again. The home equity loan usually comes at a fixed rate that does not change, while the home equity line of credit's interest rate and repayment terms may vary depending on how well you treat the loan. Like any credit card, late payments may subject you to fees, fines and interest rate hikes. In addition, there may be a minimum usage amount for a home equity line of credit meaning that if you don't use the credit within a certain period of time, the credit line will be closed and you will be unable to use it again unless you reapply for a new line. If this type of loan is of interest to you, you may be required to get a certified home appraisal so that the lender can determine the equity available in your home for you to borrow against.