What is a first lien HELOC?

Another advantage to a first lien HELOC, specifically the American Financing All in One Mortgage (first lien HELOC), is it can be used for new home purchases. It’s home financing and personal banking combined into one fluid financial tool. Bad credit? Don't let low credit stop you from refinancing. We can help!

Is a HELOC a second lien?

Ordinarily, a home equity loan or HELOC is considered a type of second lien or second mortgage. The difference matters because a second lien is subordinate to a first lien. So if a borrower defaults on a debt obligation, the creditor in the first-lien position takes priority for getting repaid.

Can a first lien HELOC be used for a new home?

Not a problem. Another advantage to a first lien HELOC, specifically the American Financing All in One Mortgage (first lien HELOC), is it can be used for new home purchases. It’s home financing and personal banking combined into one fluid financial tool.