In today’s dynamic lending environment, clients need more than traditional mortgage products. With Flex HELOC (Home Equity Line of Credit) and Closed-End Second (CES), financial partners can offer unique solutions to clients looking to tap into their home equity without disrupting their primary mortgage. Designed with flexibility and client needs in mind, Flex products open new avenues for lenders to support clients in making sound financial decisions.

What Makes Flex HELOC and CES Stand Out?

Flex HELOC and CES are crafted for a diverse range of client scenarios, from those looking to fund home renovations to others consolidating debt or even acquiring investment properties. This product suite combines flexibility, competitive rates, and combined high loan-to-value (CLTV) options, giving lenders a valuable tool to enhance client offerings.

Key Product Benefits:

1. Flexible Draw and Term Options:
   The Flex HELOC provides clients with a 3-year draw period, offering interest-only payment options and a 30-year variable rate term. Flex HELOC also allows for a 3-year draw period fixed-rate option with terms ranging from 15 to 30 years.  Meanwhile, the CES offers fixed-rate stability with terms ranging up to 30 years, giving clients options for predictable payments over time.

2. High Combined Loan-to-Value Ratios (CLTV):
   With Flex, clients can leverage up to 90% CLTV on primary residences and 80% on secondary homes, maximizing borrowing power for those with qualifying credit. This flexibility makes the Flex product attractive to a broader client base, including those who may not qualify for traditional refinancing.

3. Broad Property Eligibility:
   Flex HELOC and CES are eligible for single-family homes, PUDs, modular homes, and condos, expanding your reach to a variety of property types. This versatility ensures that clients with various real estate portfolios, including investment properties, can benefit from Flex products.

4. No Reserve Requirements:
   Flex streamlines access to funds by eliminating reserve requirements. Clients can access what they need without the added financial complexity of maintaining reserves, enhancing their cash flow for immediate needs or investments.

5. Simplified Approval Process:
   With straightforward credit score requirements (minimum 640) and loan amounts ranging from $25,000 to $500,000, Flex is designed to make the approval process simpler and faster, enabling lenders to support clients efficiently.

How Flex Products Enhance Your Portfolio

In a competitive market, lenders need to differentiate their offerings. Flex HELOC and CES add value to your portfolio by meeting the demands of clients who seek financial flexibility while safeguarding their existing mortgage rates. Here’s how:

• Attract New Client Segments: Flex’s high CLTV ratios and versatile term options attract clients looking for smart equity access solutions. Whether they’re homeowners exploring renovation projects or investors expanding portfolios, Flex products help fulfill a range of client goals.

• Strengthen Client Relationships: Offering Flex demonstrates a commitment to meeting varied financial needs, fostering client loyalty. By helping clients make strategic use of their home equity, lenders can establish a trusted relationship that lasts beyond the loan closing.

• Drive Revenue Growth: Flex HELOC and CES provide revenue-generating opportunities with high loan amounts and competitive terms. Additionally, the quick access to funds that Flex offers positions you as a go-to lender for clients seeking prompt, reliable service.
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Flex: The Solution for Today’s Clients

Flex HELOC and CES enable lenders to provide clients with comprehensive home equity solutions. In today’s fast-paced market, these products provide the flexibility and support clients need to manage large expenses, investments, and financial growth without affecting their primary mortgages.

Ready to Empower Your Clients with Flex? Price Flex in Kwikie and contact your Kind AE for all the details!