We fund equity loans throughout Oregon
Gregory M. Russell has helped thousands of Oregonians obtain quick cash using their property as collateral.
Discover how simple it is to
borrow on your equity
We can lend when your credit is less than perfect or you don’t show enough verifiable income for a bank loan. If you have enough equity in your property and a repayment plan that makes sense, we can help.
Your expert Oregon equity lender
We make equity loans on any type of real estate including rental homes, multifamily property, commercial real estate and bare land.
Learn about equity and equity loans
What is equity?
Equity is the difference between the value of your real estate and what you still owe on it. For example, if you have a property worth $100,000 and you owe $25,000, then your equity is $75,000. If you own your real estate outright – it’s fully paid for – you have 100% equity.
An equity loan is a loan secured by the market cash value of your property. At Gregory M. Russell we make only first mortgage equity loans.
If you currently have a mortgage on your property it must be paid off out of your new loan. Your local title company will simultaneously process your new equity loan and pay off your old loan and see that you receive your loan funds.
Why take out an equity loan?
There are many reasons why an equity loan makes sense.
A real estate equity loan can be used to start a business or for business capital. Leverage your available equity to renovate existing income properties or to purchase additional investment real estate. Invest in rental properties or take a fix and flip loan. In short, our equity loans can be used for any business or investment purpose.
“Both Greg and Rachel were very prompt and got the deal done as promised.
Thanks to them I own a business that is giving me a great future. Thanks so much!”
–Thomas P. of Bend, Oregon
Apply today and take advantage of your available equity.