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Explore our educational articles and insights to grow your knowledge.

Is Your HELOC Really a HELOC?

Did you know that not all consumer financing products that advertise as a home equity line of credit are actually a tried-and-true HELOC? Here is how you can tell the difference...

Understanding Home Equity Loan Fees and Closing Costs

Get Cash When You Need It: Consider Home Equity Loans and HELOCs, But Be Aware of the Costs Involved.

Refinancing to a Fixed-Rate Mortgage

Refinance to a fixed-rate mortgage with Hitch for stable payments, rate protection, and potential savings. Contact us to learn more.

Discover home equity loan review: A fixed rate

When it comes to managing your finances and achieving your goals, having access to reliable loans with favorable terms is crucial.

Embracing Tranquility: The Allure of Moving to the Suburbs

Are you yearning for a peaceful lifestyle away from the chaos of city living? Look no further than the suburbs.

Post Frame Construction Loans

Post frame construction loans provide specialized financing for building projects that use poles or posts to support a structure's roof and walls. These loans cover everything from materials to labor, making it easier to complete your project.

Applying for your refinance loan: What you need to know

Learn what you need to do and prepare when applying for a refinance loan to help you get approved and save money on your mortgage payments with Hitch.

Finding Your Ideal City: A Guide to Choosing the Perfect Place to Live

Choosing a city to call home is a significant decision that impacts your happiness and well-being.

Understanding the HELOC Draw Period: A Guide for Homeowners

Learn about the HELOC draw period and how to manage your funds wisely with our comprehensive guide for homeowners.

Home Improvement Loans in Nevada: What You Need to Know

Discover how to finance your home renovation projects in Nevada through personal loans, also known as installment loans, with fixed interest rates and stable monthly payments.

Equal Housing Lender
Hitch, Inc. 23833672158 NW Toussaint Drive. Bend, Oregon 97703

1. Qualified applicants may borrow up to 95% of their home’s value. This does not apply to investment properties.2. HELOCs have a 10-year draw period. During the draw period, the borrower is required to make monthly minimum payments, which will equal the greater of (a) $100; or (b) the total of all accrued finance charges and other charges for the monthly billing cycle. During the draw period, the monthly minimum payments may not reduce the outstanding principal balance. During the repayment period, the borrower is required to make monthly minimum payments, which will equal the greater of (a) $100; or (b) 1/240th of the outstanding balance at the end of the draw period, plus all accrued finance charges and other fees, charges, and costs.The lender will calculate this amount by taking the outstanding Account Balance on the last day of the draw period and dividing it by 240 months and then adding any finance charge that accrues but remains unpaid during the monthly billing cycle plus any other fees, charges and costs to the fixed principal payment that is due. During the repayment period, the monthly minimum payments may not, to the extent permitted by law, fully repay the principal balance outstanding on the HELOC. At the end of the repayment period, the borrower must pay any remaining outstanding balance in one full payment.3. The time it takes to get cash is measured from the time the Lending Partner receives all documents requested from the applicant and assumes the applicant’s stated income, property and title information provided in the loan application matches the requested documents and any supporting information. Most borrowers get their cash on average in 21 days. The time period calculation to get cash is based on the first 4 months of 2024 loan funding's, assumes the funds are wired, excludes weekends, and excludes the government-mandated disclosure waiting period. The amount of time it takes to get cash will vary depending on the applicant’s respective financial circumstances and the Lending Partner’s current volume of applications. Closing costs can vary from 3.0 - 5.0%. An appraisal may be required to be completed on the property in some instances.4. Not all borrowers will meet the requirements necessary to qualify. Rates and terms are subject to change based on market conditions and borrower eligibility. This offer is subject to verification of borrower qualifications, property evaluations, income verification and credit approval. This is not a commitment to lend.5. The content provided is presented for information purposes only. This is not a The content provided is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply.