PrimeLending Launches New Home Equity Loan Product

PrimeLending introduced a new home equity loan product that allows Americans to combat inflation and high credit card debt with the value stored in their homes. Borrowers can convert home equity into cash, which they can use for anything, including managing finances, covering expenses, and consolidating high-interest debt. Homeowners can access a portion of their home’s value and repay the loan at a fixed-rate over a 30-year term. The cash is distributed as a lump sum. PrimeLending pointed to the financial strain Americans face every day as inflation remains elevated. Credit card balances are up as it gets harder to budget for daily necessities. At the same time, average APRs are at their highest point since the Fed began tracking…

PrimeLending Offers Home Security To Borrowers

Mortgage lenders are trying all kinds of promotions to attract new borrowers, from rate buydowns to downpayment assistance. But PrimeLending is offering something unique: home security. PrimeLending, a national mortgage lender, and SimpliSafe, a home security systems company, have announced a partnership to provide homebuyers with preventative smart home protection. “Buying a home is an exciting new beginning and an important milestone we’re thrilled to celebrate by offering this special gift,” said Cheryl Hayes, Senior Vice President of Marketing for PrimeLending.  “We take pride in delivering our customers the confidence and peace of mind that comes from knowing they’ve made the right financial decision, and the SimpliSafe home security system is a great compliment.” The Lender will provide borrowers with…

Kelly McGuinness Named PrimeLending NE Regional Manager

Kelly McGuinness has been promoted to SVP, Regional Manager for the Northeast Region at PrimeLending, the company announced in a press release. McGuinness will be responsible for loan origination production in the Northeast, including New York, New Jersey, Connecticut, Rhode Island, Massachusetts, New Hampshire, Vermont, and Maine. “Truly honored, humbled, and excited for this next adventure! It is a joy working with the best in the business,” she said in a LinkedIn post about the promotion. McGuinness brings more than three decades of mortgage industry experience to the position. Prior to PrimeLending, she owned her own mortgage company, United Mortgage Finance Group, for 26 years. She joined PrimeLending at the Milford, Connecticut branch as a Branch Manager in 2013. Her…