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Flexible Repayment:

Unlike traditional HELOCs, Hybrid HELOCs offer a fixed-rate period, providing predictable payments before transitioning into a repayment phase, making budgeting easier for borrowers.to this item. item.

Add an answer to this item. Borrowers can draw, repay, and borrow again as needed during the draw period, giving them ongoing access to funds for home improvements, debt consolidation, or unexpected expenses.  this item.

PRMG’s Hybrid HELOCs feature an online application process with quick approvals and funding in as little as five days, often without requiring an in-person appraisal. 

Since PRMG’s Hybrid HELOC is a second mortgage, it doesn’t impact the borrower’s existing home loan. This can be more cost-effective than refinancing into a higher interest rate.  

If the funds are used for home improvements, the interest paid on a Hybrid HELOC may be tax-deductible, providing additional financial advantages. (Consult a tax advisor for eligibility.)  

 PRMG’s Hybrid HELOC allows borrowers to pay off their balance early without penalty, providing additional financial flexibility.   

A Hybrid HELOC allows homeowners to access home equity without refinancing their mortgage. It offers fixed-rate repayment options and lets you borrow and repay as needed. Once the draw period ends, it transitions into fixed monthly payments. 

Unlike traditional HELOCs, which often have variable rates, the Hybrid HELOC offers fixed rates and structured repayment terms. It’s fully automated with no in-person appraisals, and you can redraw up to 100% of the original loan amount.  item.

Qualification is quick and simple. Just input basic info online, verify income, and link your bank accounts. There’s no in-person appraisal, and you can get prequalified in minutes.

Borrow up to $400,000, depending on your home’s equity and financial profile. Loan terms are available in 5, 10, 15, or 30 years for flexible repayment. 

Funds can be used for home renovations, debt consolidation, investing, or covering large expenses—offering a more affordable alternative to high-interest personal loans and credit cards. 

With a fully online process, approval can take minutes, and funds can be available in as few as 5 days. 

No, the Hybrid HELOC lets you tap into your home equity without affecting your existing mortgage rate. 

While there are no out-of-pocket costs, hidden fees, or appraisals, origination and other closing fees will apply. However, the initial draw amount will be reduced by the amount of those fees.