A home equity loan is a second mortgage on the property that is a new loan with a different interest rate/APR and other terms, from the first mortgage. Home equity loans/second mortgages are only available on properties with a first lien mortgage serviced by Mr. Cooper. Home equity loans/second mortgages are available for primary residences only. The amount of the second mortgage and the interest rate/APR will depend on the amount of equity you have in your home, your credit, debt-to-income ratio, program limits on the combined loan-to-value ratio, and other factors. Not all borrowers or properties will qualify. Not available on properties located in TX, VT, NY, Washington DC, GU, PR, VI.

This is not a commitment to lend. All loans are subject to credit and property approval. This offer is non-transferable and may not be combined with any other mortgage offer. Advertised offer is subject to change. If a personal code is present on the advertised offer, you must provide such code to claim the offer. We may gather information about you including, but not limited to, credit bureau information, information for verification of income, information for appraisal and verification of property being used for collateral. We also verify your identity. Income, assets, and debt must meet eligibility requirements as established by Government and/or Lender guidelines.