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Our Loans
Explore how our loans workAt Leap Financial, we offer home equity loans to homeowners in need of funds to consolidate debt, make home improvements, start or grow a business, or for a variety of other financial needs. Remember, Leap Financial is here for you. Our goal is to approve all Home Equity Loan applications within 24 hours.
What Is A Home Equity Loan?
A home equity loan, also known as a second mortgage, is a type of loan in which the borrower uses the equity of their home as collateral. The loan amount is determined by the equity you have in your home.
How Do I Calculate The Equity I Have In My Home?
Use the following equation to calculate how much equity you have. Apply for your home equity loan with Leap Financial today, and you could have access to a portion of that home equity within a week.
Present Day Value
Start with the present day value of your home. For example: $700,000
Subtract Amount Owing
Subtract the amount owing on your mortgage. For example: $700,000 - $200,000
See Your Equity
You're left with your total Home Equity available. In this example, you have $500,000 available.
What Can I Use a
Home Equity Loan For?
You can use a home equity loan for anything:
Debt Consolidation
Home Renovations
Business Loans
Unexpected Expenses
Complete our application today to learn how much you can qualify for. Our no-obligation, stress-free process will get you the answers you need and put you one step closer to achieving your financial goals.
Stress Free and Transparent Lending Process
Apply Online
Let us know how much you want to borrow - whether it is $10,000 or $2,500,000 - we can help!
Fast Approval Process
We want to work with you! You will hear back from our team ASAP to begin working with you to ensure you get approved!
Get Approved!
Upon completion of our seamless lending process, your desired funds will be transferred into your account. That’s what we do!