A loan from Ned Kuruc is simply a mortgage against your property or any other real estate you own. We offer first, second and, in certain cases, third mortgages. You can borrow for needs such as a home renovation, debt consolidation, starting a business, temporary needs, and more.
It’s highly likely the value of your home has increased since you bought it. Now is a great time to access money based on the increased market value of your home.
To find out how much equity you have in your home, simply subtract the amount you still owe on your mortgage from the current value of your home. For example, if you have a $500,000 balance left on your mortgage and the current value of your home is $1,000,000, your home equity value would be $1,000,000 – $500,000 = $500,000.
A home equity loan allows you to convert your home’s locked value into capital which can help you meet your financial needs.