Gary May

NMLS # 181710

240-620-3171

gmay@imlending.com

Gary May Mortgage Loan Originator

Home Equity Loans

Home equity loans call for the borrower to acquire a new loan on an already mortgaged property using the equity you’ve built as collateral. Home equity loans are typically reserved for those looking to pay down medical or consumer debt, start a business or pay tuition. Please contact us directly if you’re interested in a home equity loan.

Most states restrict the amount of money one can borrow against their home. Interest rates on home equity loans are generally higher than conventional loans.