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Subservicing Notice: Cornerstone Servicing, a division of Cornerstone Capital Bank, SSB, has an agreement with to provide the day-to-day servicing of your loan. These terms apply to your use of the Cornerstone Capital Bank, SS...
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Created On: 07/22/2024
in Homeowners FAQs HELOC
A Home Equity Line of Credit (HELOC) is a type of second mortgage that allows you access the equity in your home on an as-needed basis at a variable interest rate. Your home is used as collateral against your line of credit. Similar to a cred...
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Created On: 07/22/2024
in Homeowners FAQs HELOC
How are HELOC payments calculated?
Typically, HELOC payments are calculated based on the interest rate, outstanding balance, amortization term and interest calculation methods as described in your HELOC agreement. HELOCs typically ha...
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Created On: 07/22/2024
in Homeowners FAQs HELOC
How do I draw money from my HELOC account? We offer a few convenient options: Online: Log in to our website or app to request an ACH advance to transfer funds to your deposit account. By check: Use the checkbook we have provided for y...
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Created On: 07/22/2024
in Homeowners FAQs HELOC What can I use my HELOC for? You can use your HELOC funds for various purposes, such as home improvements, repairs, consolidating higher interest rate debt, or other financial needs. Can I access my HELOC information online? You can manag...
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Created On: 07/22/2024
in Homeowners FAQs
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What do I need to do if my home has been damaged? Here’s what you need to do first: Contact your hazard insurance company to file a claim. Call us at 833.253.1133 , and w e'll let you know what information is required to d...
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Created On: 06/24/2024
in Home Equity Loan
Who can tell me more? Our knowledgeable Direct Lending team is eager to help you navigate the options and carve a path forward based on your personal goals and priorities! Reach out to us today. How can I get started with a Home Equity Loan? ...
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Created On: 06/24/2024
in Home Equity Loan Is a Home Equity Loan a good choice for me? It depends on your financial goals, current mortgage terms, and ability to repay the loan. A Home Equity Loan can be a valuable financial tool, but it’s important to understand all aspects of the loan bef...