Ways To Finance Your BOXABL
Looking for flexible and cost-effective financing options for your BOXABL? Whether you’re considering a Home Equity Line of Credit (HELOC) to leverage the equity in your home or exploring various secured and unsecured lending options, we’ve got you covered. Below, you’ll find a range of financing solutions from reputable lenders, tailored to meet your specific needs. Dive in to discover the best option for your financial situation and make your dream project a reality.
HELOC
A home equity line of credit, otherwise known as a HELOC, is a revolving line of credit that is secured by the equity in a homeowners existing property & typically structured as a 2nd Mortgage. This can be a flexible and cost-effective financing option if you have significant equity in your existing home (especially if you already have a low-rate 1st mortgage that you want to keep in place). Below are a few options that you can explore:
Secured and Unsecured Lending
You are able to explore financing options through various banks, credit unions, and/or direct mortgage lenders to pay for your Park Model RV. Down payments, loan terms, interest rates, and monthly payments generally vary based on how the loan is structured as well as your specific financial situation. We have a list of preferred lenders that are familiar with the BOXABL Casita and have lending products that can be tailored to meet your specific requirements.
Cash
Paying for your project in full without using any sort of a loan is always an option as well. Paying in full can be an attractive option for those with the means to do-so, as it results in no monthly mortgage payments.