Does Max Cash Offer Home Equity Loans?

February 13, 2019

If you’ve worked with MaxCash before, chances are you know that we do plenty of work trying to find easy, affordable loans for our customers.

But does Max Cash offer home equity loans? Or are those types of loans outside of MaxCash’s area of expertise? Stick with us through this article to find out!

What is a Home Equity Loan?

Before we get into the specifics of MaxCash’s offerings, we should first cover exactly what a home equity loan is.

A home equity loan is a unique type of loan that has some atypical qualities and qualifications to it. Unlike other types of loans, home equity loan amounts are not entirely based on your financial stats like your credit score. These loan amounts are instead based on the value of your home.

To determine how much money you could obtain with a home equity loan, your lenders will take your home’s value and subtract the amount you still owe. Because of the way they work, home equity loans often go by a different nickname, “second mortgages.”

The way you obtain a home equity loan though, is very different from how a mortgage works.

The Home Equity Appraisal

Let’s dig into how exactly the home equity loan process unfolds, shall we? Before MaxCash even gets involved with the process, there are some prerequisite steps you need to take. The first of these steps will require you to contact an appraiser to come give you an estimate of your home’s value.

To get a home appraisal, you’ll first need to find an appraiser in your area willing to work with you and then make an appointment so they may visit your home. Once there, the appraiser will tour your property, taking notes of the improvements you’ve made, as well as any potential damages that may have occurred.

Once they’ve finished touring your house, the appraiser will present you with an estimate of your property’s overall value, which you’ll be putting to use rather quickly.

Applying Online for a Home Equity Loan

Now that your home has been appraised, it’s time to set some things straight. MaxCash cannot offer you a home equity loan directly. Instead, MaxCash runs a home equity loan referral service that helps partner clients up with compatible lenders.

To get started with MaxCash, you’ll need to locate MaxCash’s contact page. To give you a hand, we’ve already gone ahead and linked it for you right here.

Once you contact MaxCash, we will request some information from you, such as:

  • Your Current Address of Residence – This information will help MaxCash during the process because lenders will want to know what home they’re providing a home equity loan for.
  • An Estimate of Your Current Monthly Income – This gives lenders a good idea of just how much you can afford monthly.
  • Your Contact Information – This will allow both MaxCash and any potential discovered lenders to get in touch with you if need be.
  • Your Home Value Estimate – Finally, the information you gathered from the appraisal step will be submitted. This estimate will help lenders determine a personalized loan amount for you.

With all this information filled out, go ahead and hit the submit button, and get ready to watch the magic happen. It’s Max Cash’s turn to shine.

Home Equity Lender Discovery

At this point in the process, MaxCash will be doing all the work for you. MaxCash will use your provided information to track down your ideal lender.

First, they’ll start by narrowing down a massive, nation-spanning list of partnered lenders down to just the ones that serve your area. With these lenders, they’ll present your provided relevant information and interested lenders will make a loan offer.

Not only does MaxCash work hard to find you a lender, they also find you the best possible lending option by comparing offers and haggling for better terms.

Eventually, with enough bartering, one loan offer will shine amongst all others. MaxCash will then present you with the loan offer, and you can choose to accept.

Making a Deal on Your Home Equity Loan

With the lender found, MaxCash will put you in contact with them. You can either choose to interact with your lender via phone or work a bit more impersonally via email if that’s more your speed.

Once contact has been made, all that remains is to discuss the final particulars of the loan, such as how you and your lender are going to be exchanging funds with each other. This is important, as this will establish not only the method by which you receive the funds initially, but also the method by which you repay them.

Depending on your situation, you may prefer an in-person exchange, doing business through mail, or simply using an e-commerce website for your transactions. Whatever the case may be, once you’ve established a method of exchange, you’ll be finished with the loan-obtaining process and ready to put your money to work.

And there you have it: how to get a home equity loan through MaxCash in just four simple steps. It really is that easy! Get started with the home equity loan process today. You may be surprised by just how simple the process can be with MaxCash!

DISCLAIMER:
The MaxCash website does not offer or provide loans, but rather, it offers a service. It should not be construed as a lending agent or broker. The site does not endorse any lenders and does not charge visitors any fees. The website owners do not evaluate potential lenders’ applications, nor do they approve or deny credit. The MaxCash website does gather applicants’ personal information and transmits it to lenders that are part of the site’s lending network. No one is required to make use of this website, nor are they under any obligation to begin contact with site operators or to attempt to secure a loan with any of the site’s lending partners. Transmission of your financial and personal information on the website in no way obligates lenders to offer you a loan or any other kind of credit product. Be aware that cash transfer times can vary, depending on the lender and the bank you use. It may be necessary to fax information under certain circumstances. All questions about loans, and any concerns you may have should be directed to your lender. These loans are intended as short-term financial solution to satisfy borrowers’ needs for immediate monetary relief. This is not intended to be part of a long-term financial plan for individuals. These services are not offered in all states. Potential borrows may undergo credit check if lenders choose to use any of the major credit reporting bureaus, including Equifax, Trans Union and Experian. They may also use other alternative sources to check credit ratings. Your request for a loan constitutes your agreement and acknowledgement that (A) your personal data may be shared with lenders and perhaps other third-party partners, and (B) lenders can acquire credit bureau reports that detail your credit history. Reports from major credit bureaus, such as Equifax, Experian and TransUnion may be obtained and used to evaluate your reliability as a borrower.

1Loan amounts by the lenders vary based on qualifications.

2Since we do not lend money directly we cannot offer you a solicitation for a loan. In all serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans are not available in all states and all areas.

3Loans such as, Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan. Other types of loans may have pre-payment penalties as well.

4All lenders are responsible for their own interest rates and payment terms. Max Cash has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

5The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you. Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time, in the circumstance for an auto title loan. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically, larger loans or higher risk loans use a GPS.

In some circumstances faxing may be required. Use of your cell phone to receive updates is optional. Please review our privacy policy.

Loans such as Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long-term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

Signature and personal loans are only available in Georgia and Florida. Loan amounts differ at locations. Account approval requires satisfaction of all loan eligibility requirements, including a credit inquiry, and, if applicable, motor vehicle appraisal.

Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

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