* A soft credit report is needed to get started. Once YOU Select your product and decide to move forward, a hard credit report will be processed.

** Five business day funding timeline assumes closing the loan with an online notary. Funding timelines may be longer for loans secured by properties located in countries or states that do not permit recording of e-signatures or that otherwise require an in-person closing. Restrictions may apply. THIS IS NOT A COMMITMENT TO LEND. Terms, conditions, and programs are subject to change without notice. All loans are subject to credit, underwriting, and property approval guidelines. This is not an offer to enter into an interest rate lock agreement. New Way Mortgage, Inc. is not affiliated with your current lender nor any Government Agencies. Not all applicants will quality for these terms. The New Way Home is a registered trademark of New Way Mortgage, Inc. ALL rights reserved. For licensing information, go to: www.nmlsconsumeraccess.org. Licensed by Department of Real Estate #02112174 NMLS 1939382.

*** New Way Mortgage, Inc. dba New Way Mortgage 5 day Home Equity Line of Credit (HELOC) is an open-end product where the complete loan amount minus the origination fee will be 100% borrowed at the time of origination for a minimum of 30 days. The initial amount funded upon origination will be based on a fixed rate; however, this product features an additional draw feature. The length of the draw feature varies from 2-5 years based on the program selected. The borrower is permitted to take more draws during the draw term as long as they do not exceed the line’s outstanding balance. If the borrower elects to make an extra draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. The fixed rate for any subsequent draws may therefore be greater than the fixed rate for the first draw. Your home must be pledged as security for the HELOC, and if you default on the loan payments, your home may be forfeited. To qualify for credit, borrowers must fulfill the minimum conditions set forth by the lender. only accessible for primary, secondary, and investment houses depending on the required debt-to-income ratio and the minimal credit score. Your rate and the maximum loan amount are determined by a number of factors, including your occupancy status, lien position, and credit score. All candidates may not be accepted. Applicants are subject to underwriting and credit approval.

For more information on HELOC’s click here https://files.consumerfinance.gov/f/documents/cfpb_heloc-brochure_print.pdf