Enhancify.com is doing business as "Enhancify" or "Enhancify.com" (collectively, "Enhancify" or the "Company Website"). Enhancify.com and its parent company, subsidiaries, affiliates and/or subdomains (collectively, "Enhancify.com", "Company," "we," "us," and "our") provide an advertising and matching service platform through the Company Website, offering products, services or software, and all associated content, functionalities and advertising (collectively, the "Services") provided by Enhancify.com and its network of lenders, brokers, investors, contractors, advertising partners, services providers, suppliers and other third parties (each a "Network Provider", collectively, the "Network").
For the purposes of these Disclosures, "you" means a person that is a visitor (which means that you simply browse the Company Website), a consumer (which means that you have provided information to us to use any one of the Services), or a Network Provider who accesses, uses, and/or participates in the Company Website and/or Services in any manner, individually and/or as an agent on behalf of an entity or another registered user (collectively, the "User"). If you use the Services on behalf of an entity, you represent and warrant that you have the authority to bind that entity, your acceptance of these Disclosures will be deemed an acceptance by that entity, and "you" and "your" herein shall also refer to that entity. The singular includes the plural and vice versa and words that are gender neutral or gender specific include each gender.
The information contained on the Company Website is for general information purposes only. Enhancify.com has made every attempt to ensure that the information contained in this Company Website has been obtained from reliable sources.
DISCLAIMER OF REPRESENTATIONS AND WARRANTIES
THE SERVICES, INFORMATION, DATA, FEATURES, ANY AND ALL CONTENT AND MATERIALS, AND ANY AND ALL SERVICES AND PRODUCTS ASSOCIATED WITH THE SERVICES AND/OR PROVIDED THROUGH THE COMPANY WEBSITE (WHETHER OR NOT SPONSORED) ARE PROVIDED TO YOU ON AN "AS-IS" AND "AS AVAILABLE" BASIS. ENHANCIFY.COM, ITS NETWORK, LICENSORS, DISTRIBUTORS, MAKE NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, AS TO THE INFORMATION CONTENT OR OPERATION OF THE COMPANY WEBSITE OR OF THE SERVICES. YOU EXPRESSLY AGREE THAT YOUR USE OF THE COMPANY WEBSITE AND/OR THE SERVICES IS AT YOUR SOLE RISK.
NEITHER ENHANCIFY.COM OR ITS NETWORK, LICENSORS, OR DISTRIBUTORS MAKE ANY REPRESENTATIONS, WARRANTIES OR GUARANTEES, EXPRESS OR IMPLIED, REGARDING THE ACCURACY, RELIABILITY, SUITABILITY, OR COMPLETENESS OF THE CONTENT AND INFORMATION ON THE COMPANY WEBSITE OR OF THE SERVICES (WHETHER OR NOT SPONSORED), AND EXPRESSLY DISCLAIM ANY WARRANTIES OF NON-INFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE. NEITHER ENHANCIFY.COM OR ITS NETWORK MAKE ANY REPRESENTATION, WARRANTY OR GUARANTEE THAT THE INFORMATION OR CONTENT THAT MAY BE AVAILABLE THROUGH THE COMPANY WEBSITE OR THE CORPORATE SERVICES IS FREE OF INFECTION FROM ANY VIRUSES OR OTHER CODE OR COMPUTER PROGRAMMING ROUTINES THAT CONTAIN CONTAMINATING OR DESTRUCTIVE PROPERTIES OR THAT ARE INTENDED TO DAMAGE, SURREPTITIOUSLY INTERCEPT OR EXPROPRIATE ANY SYSTEM, DATA OR PERSONAL INFORMATION.
SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES. IN SUCH STATES LIABILITY IS LIMITED TO THE EXTENT PERMITTED BY LAW. ACCORDINGLY, SOME OF THE ABOVE LIMITATIONS OF THIS PROVISION MAY NOT APPLY TO YOU.
If you are a California resident, you hereby waive California Civil Code §1542, which says: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor," and will also include the release from the criminal acts of others.
LIMITATIONS ON ENHANCIFY.COM'S LIABILITY
ENHANCIFY.COM SHALL IN NO EVENT BE RESPONSIBLE OR LIABLE TO YOU OR TO ANY THIRD PARTY, WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE) OR OTHERWISE, FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY, LIQUIDATED OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO LOSS OF PROFIT, REVENUE OR BUSINESS, ARISING IN WHOLE OR IN PART FROM YOUR ACCESS TO THE COMPANY WEBSITE, YOUR USE OF THE SERVICES, OR THIS AGREEMENT, EVEN IF ENHANCIFY.COM HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THIS AGREEMENT, OUR LIABILITY TO YOU FOR ANY CAUSE WHATEVER AND REGARDLESS OF THE FORM OF THE ACTION, WILL AT ALL TIMES BE LIMITED TO A MAXIMUM OF $100.00 (ONE HUNDRED UNITED STATES DOLLARS).
NOT A FINANCIAL PLANNER, BROKER OR TAX ADVISOR
NEITHER ENHANCIFY.COM NOR THE COMPANY WEBSITE OR THE SERVICES ARE INTENDED TO PROVIDE LEGAL, TAX OR FINANCIAL ADVICE. ENHANCIFY.COM IS NOT A FINANCIAL PLANNER, BROKER OR TAX ADVISOR. The Company Website and the Services are intended only to assist you in your financial organization and decision-making and is broad in scope. Your personal financial situation is unique, and any information and advice obtained through the Company Website and/or the Services may not be appropriate for your situation. Accordingly, before making any final decisions or implementing any financial strategy, you should consider obtaining additional information and advice from your accountant or other financial advisers who are fully aware of your individual circumstances.
Enhancify.com is not a lender or a loan broker and only operates in the capacity of a service provider as a referral source. Enhancify.com may receive a referral fee from its Network or other third party; please see out Advertising Disclosure below. In certain instances, we match borrowers with financial solutions that we have determined to be the best option based on the information we have received from you, our partners and our experience in the industry for the last 20 years. Enhancify.com does not pull your credit history ("hard inquiry") and is not acting as a credit services agent for you; you must apply for credit directly with the Network Provider(s) you choose to apply to. Any credit product and/or service for which you apply on the Company Website, is solely the product and/or service of the Network Provider(s) to which you apply. Interest rates, APRs and terms provided on the Company Website are used as examples and are estimated; actual interest rates, terms and conditions will vary depending on the loan type, the Network Provider(s) and your situation. There is no charge to use the Services. Filling out a form on the Company Website does not guarantee an approval for a loan. The Network Providers(s) to which you apply to has the final decision on whether you are approved for a loan, your loan rate and terms.
Furthermore, the opinions expressed on the Company Website are the author's alone, and not those of the financial institution, lender, credit card issuer, business, service provider, contractor, etc. and have not been reviewed, approved, or otherwise endorsed by Enhancify.com. Enhancify.com provides a venue through which you can obtain information and find, compare and obtain information about Network Providers' products and/or services. Enhancify.com may share your information with this Network so they can contact you directly about their products and/or services.
ADVERTISING & THIRD PARTY LINKS DISCLOSURE
The Company Website is a marketing website for products and services and may contain links to other Network Providers. In certain instances, we may receive compensation from Network Providers whose products and services are offered or advertised on our Company Website. We are independently owned and the opinions expressed here are our own and have not been reviewed, approved or otherwise endorsed by any of these Network Providers.
The Services may display Offers and advertisements that may be custom matched to you based on information stored as part of the Services, Inquiries, or information obtained through other sources. We may disclose when a particular Offer or advertisement is sponsored or otherwise provided by a Network Provider.
Enhancify.com has a financial relationship with some, if not all, of the Network Providers we mention, list or recommend throughout the Company Website. We do not make recommendations based on these relationships alone, however, the compensation we receive from these relationships may impact which Network Providers we review, write about, recommend, and how, where and what products or services appear on the Company Website (which may include, for example, the order in which they appear). We do not include all the companies or all types of products and/or services available in the marketplace.
In connection with Offers and advertisements, the Company Website and/or the Services may provide links to other web sites. Offers and advertisements are provided to you as a convenience. Enhancify.com does not endorse, warrant or guarantee the products or services available through the Offers or any other products or services advertised on or linked from our Company Website, whether or not sponsored. Enhancify.com is not an agent or broker or otherwise responsible for the activities or policies of those web sites. Enhancify.com does not guarantee that the loan or other service terms, rates or rewards offered by any particular Network Provider on the Company Websites are actually the terms that may be offered to you if you pursue the offer or that they are the best terms or lowest rates available in the market. Information in the Offers and advertisements are provided by Network Provider(s), and any offer is subject to the Network Provider's review of your information.
We are not an agent or advisor to you or any Network Provider. We do not validate or investigate the licensing, certification or other requirements and qualifications of Network Provider(s). It is your responsibility to investigate each Network Provider. You acknowledge and agree that each Network Provider are solely responsible for any services that they may provide to you and that we are not liable for any losses, costs, damages or claims in connection with, arising from, or related to, your use of a Network Provider(s)' products or services. We urge you to obtain the advice of financial advisors, insurance agents, brokers or other qualified professionals who are fully aware of your individual circumstances before you make any financial or insurance decisions. You acknowledge and agree that you rely on your own judgment and that of such advisors in selecting any products or services offered by Network Provider(s).
Home Equity Line of Credit (HELOC)
We are not a lender or correspondent lender. We do not make mortgage loans or commitments or take applications and cannot guarantee acceptance into any particular loan program by any Lender, or specific loan terms or conditions. We do not act as an agent or advisor to you or any financial service provider. We do not take applications, make loans or credit decisions in connection with loans, issue commitments or lock-in agreements, or fund loans. Our services are purely administrative. Any loan may be co-brokered but not in South Carolina. This does not create an exclusive relationship and remains in effect only as long as you seek to use our services. You may discontinue this relationship at any time, without notice, at no cost or penalty to you.
Any loan request you submit is NOT an application for credit. Rather, it is a request to be matched with prospective third-party lenders to receive conditional loan offers from those lenders. Any lender will require you to submit a loan application to them for their consideration before extending an offer. We do not issue loan approvals, loan commitments, or make any guarantees on behalf of any lender. We do not connect you with every lender in the market, so other lenders and loans not listed on our service may be available to you, and those other loans may have different terms and conditions, including lower rates. We cannot guarantee the lowest price or best terms available in the market. We do not endorse or recommend particular lenders or products. Your personal financial situation is unique, and it is your responsibility to evaluate the information and content provided, before making any financial decisions.
The lenders are solely responsible for their services to you, and you agree that we will not be liable for any damages or costs of any type arising out of or in any way connected with your use of such services. You understand that lenders may keep your loan request information and any other information provided by us or received by them in the processing of your loan request, whether or not you are qualified for a loan with them or obtain a loan from them. If your loan request is forwarded to a prospective lender that makes you an offer, you should receive from the lender a disclosure, sometimes referred to as a good faith estimate (GFE) of the settlement costs of your loan, and now generally referred to as a Loan Estimate form as required by the TILA-RESPA Integrated Disclosure Act. The disclosure sets forth the various loan terms and costs involved, such as a credit report fee, property appraisal fee, or other thirdparty fees in connection with your loan.
The interest rate quoted in connection with the loan you select is subject to change without notice, unless and until an interest rate lock-in agreement has been entered into between you and the lender. We do not offer interest rate lock-in agreements and do not guarantee any interest rate quoted by a participating lender. If you enter a lock-in agreement with the lender and are required to pay an interest rate lock-in fee, the terms and conditions under which the interest rate lock-in fee may be refunded, if any, will be set by the lender. The documentation you receive will include the information or terms and conditions on the refundability of any fees paid. We do not offer or provide any refund on behalf of any lender.
We support the principles of the federal Equal Credit Opportunity Act (the "ECOA"). We do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to contract), the fact that all or part of the applicant's income derives from a public assistance program, or the fact that the applicant has in good faith exercised any right under the Consumer Credit Protection Act. Similarly, we are committed to compliance with any applicable state and local anti-discrimination laws. Under the ECOA, you are entitled to receive a copy of any appraisal.
If your home value is higher than your outstanding mortgage balance(s) you may be able to borrow against the portion of equity available in your home. A HELOC is a financial product that takes a security interest in your home using a credit line. Typically, HELOCs are broken down into two distinct phases. A draw period and repayment period.
During the draw period, homeowners can borrow as much as they'd like within the credit line amount. Usually, interest-only payments are allowed on the amount drawn. You may also pay back the amount borrowed and the line is replenished. Once the draw period ends, you can no longer withdraw money from the line and the borrower must pay off the principal amount of the HELOC, with interest. The length of these terms and product offerings will vary by lender and each individual situation. When a HELOC has a variable rate, your interest rate may go up or down in relation to an index, economic conditions, and rate restrictions provided by the lender. Some HELOCs may be subject to interest rate adjustment caps which means that there is a maximum your interest rate may go up or down for a set period (i.e. 6 months or 1 year) and for the life of the loan. Example: A Variable Rate HELOC with interest rate caps of 2% for the first year and 1% each year afterward for the life of the loan.
Rates and terms may change at any time and will be subject to property type, loan amount, credit history, lien position, loan-to-value (LTV) ratio, debt-to-income (DTI) ratio, FICO score and draw amount at closing. Rates are subject to change daily and minimum line amounts may apply. All accounts are subject to individual lender approval. Any minimum periodic payments stated by a lender may result in a balloon payment if only the minimum is made. The amount and timing of the balloon payment is at the discretion of the lender. Please evaluate all terms prior to making any financial decision.
Other helpful information is available here:
Home value $300,000
$300,000 x 80% = $240,000
You owe $100,000 on your first mortgage:
$240,000 - $100,000 = $140,000
In the above scenario, assuming your lender caps the maximum loan-to-value ratio of 80%, you could potentially qualify for a HELOC with a maximum credit line of $140,000.