1
What is a Home Equity Loan?
A Home Equity Loan is backed by the equity you have in your home, which you can calculate by subtracting the market value of your property by the amount of money you still owe on your mortgage.
2
Will applying affect my credit score?
No. Applying for a loan with Floria will not affect your credit score at all.
3
Do I need to own my home to qualify for a loan with Floria?
Because it is a Home Equity Loan, you must be a registered owner of a property to apply and qualify for a loan with Floria.
4
Which documents are required to apply for a loan?
Here is a list of all the documents you will need to apply for a loan with Floria: documents
5
Can I apply for more than one loan?
No, you can only have one loan outstanding with Floria at any given time.
6
How long do I have to accept my loan offer?
Once you receive the loan agreement, you will have 48 hours to review and accept the offer before meeting with the notary.
7
Where can I see my payment schedule?
Your payment schedule will be sent to your email address at the time of approval. You can also contact us at support@floriacapital.com to request a copy.
8
What happens if I can’t make a payment?
If you know in advance that you will not be able to make a payment, immediately notify us at support@floriacapital.com
9
How will I receive my funds?
Your funds will be deposited into your bank account.
10
How do I make my payments?
The payments will be automatically withdrawn from your bank account at the frequency you select (semi-monthly or monthly).
11
What is the difference between semi-monthly and monthly?
Semi-monthly repayments means that we will withdraw funds on the 1st and 15th of every month. Monthly repayments means that we will withdraw on the 1st of every month.
12
Will my interest rate change over the duration of my loan?
No. The interest rate specified in the loan agreement is the same rate that will be applied throughout the life of the loan.
If you have any additional questions, refer to our Contact Us page
Floria Loans Most Common Uses
Bills or Expenses
Business
Large Purchase
Calculate your loan payment on your own terms.
Our low payments are made to fit your budget.Repayment terms range from 6 to 24 months, with monthly or semi-monthly repayment options. Interest rates range from 8.99% to 21.99%. For example, with a $75,000 loan paid off monthly over 12 months at 13.00%, a person will pay $812.50 per month, with total interest equivalent of $9,750.00 over the life of the loan.
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8 reasons to use home equity Tapping into your home's equity can be beneficial in many ways. You can access the cash needed to cover significant expenses, improve your financial situation or for whatever else you see fit.
July 14, 2022