Mortgage lead for Residential loan in Philippi, WV, 26416

Date Posted

2/16/2026 11:10:57 PM

Property at

Philippi, WV, 26416, USA Show Map

Borrower at

Property Type

Residential

Property Value

$330,000

Amount of Existing Loans

$77,000

Loan Request

$150,000

LTV

68.79 %

Credit Rating

580-599

Net Worth

$1,000,000 - $4,000,000

Loan Purpose

Second, Third or HELOC

Purpose

The purpose of this loan is to access the available equity in my primary residence through a home equity line of credit in order to strengthen both my personal financial stability and long-term investment growth. A portion of the funds will be used for necessary home improvements and property maintenance that will preserve and increase the overall value, safety, and livability of the residence. These updates may include structural repairs, cosmetic upgrades, efficiency improvements, and general modernization that support long-term property appreciation.In addition, a portion of the proceeds may be allocated toward the acquisition or support of additional real estate investments. These investments are intended to generate supplemental income, improve overall financial resilience, and create sustainable long-term wealth through responsible property ownership and management. Using equity in this manner allows existing assets to work more efficiently while maintaining manageable debt levels and clear repayment intent.Overall, the requested HELOC will be used in a prudent and financially responsible way that enhances the condition and value of the primary residence while also supporting carefully planned real estate investment opportunities designed to improve long-term financial security.

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Loan Request for Residential loan in Philippi, WV, 26416