Finibi Mortgage home equity products are available in: FLORIDA.

Equal Housing Opportunity.

This site is specific for the state of Florida.

Finibi Mortgage is a mortgage broker and may partner with third-party lenders to offer home equity products. Program availability, terms, and conditions vary by lender and state.

1. Product description. The Finibi Fixed-Rate Home Equity Line of Credit (“HELOC”) is an open-end product where the initial loan amount (minus any applicable fees) may be fully drawn at closing. Some programs may allow additional draws during a draw period as the balance is repaid. If additional draws are permitted, the rate for any additional draw may be based on an index (such as the Prime Rate) plus a margin, and may differ from the initial draw rate.
2. Approval / timing. “Approval in minutes” refers to an initial eligibility decision and is ultimately subject to verification of information, underwriting, title review, and property condition requirements. Funding timelines vary by state, county, lien position, and closing method, and may take longer in locations that require in-person closing or that do not support e-signatures.
3. Credit inquiry. Checking your rate may involve a soft credit inquiry that does not impact your credit score. If you proceed with a full application, a hard credit inquiry may be required and may affect your credit score.
4. Collateral. A HELOC is secured by your home as collateral; personal loans and credit cards are not.
5. Loan amounts. Loan amounts range from a minimum of $25,000 to a maximum of $850,000, subject to your property value, lien position, credit profile, verified income (if applicable), and available equity at application. Home value may be determined using automated valuation models (AVMs) or an appraisal. Loan amounts above $850,000 may require an appraisal.
6. Rates, APRs, and fees. Available APRs range from 7% to 18%, depending on credit profile, combined loan-to-value (CLTV), occupancy, loan amount, loan term, and state. Rates change frequently; your exact APR will depend on the date you apply and program selection. You may be responsible for an origination fee of up to 4% of the initial draw (where permitted), and for third-party costs such as valuation (e.g., AVM), appraisal (if required), notary (if required), recording fees, and recording taxes (which vary by state/county). Property insurance is required; flood insurance may be required if your property is in a flood zone.
7. Tax. You should consult a tax advisor regarding the deductibility of interest and charges.
8. Variable-rate programs (if offered). For variable-rate HELOCs, the APR is based on an index and margin. Changes in the index may cause your APR and monthly payment to increase or decrease after account opening, subject to any rate floor and rate cap. If your program permits additional draws, the rate on additional draws may be set at the time of the draw and may differ from your initial rate.

This product is available in: Florida.