"Rising home prices have led homeowners to tap into their equity for purposes such as debt consolidation, home renovation and student loan repayment," said Tom Davis, Deephaven's chief sales officer.
"Some lenders extend 90% LTV caps on similar products, but Davis calls this a marketing play, adding that Deephaven's typical production falls between the high-60% and low-70% LTV range."
"Rates for these products range from 8% to 9%, depending on factors like loan type, LTV and credit score," highlighting competitive pricing features in Deephaven's offerings.
"Deephaven believes it's ahead of competitors on this offering because it offers full-documentation and bank-statement options," emphasizing their commitment to quality service.
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