refinance: Implications of Mortgage Refinancing When Selling a Home - 10/21/19 06:54 AM
The Federal Reserve continues to maintain historically low mortgage rates, which is a boon for buyers. These low rates are also highly beneficial for homeowners looking to refinance existing mortgages. Whether or not a homeowner should refinance a mortgage, however, depends on what he or she intends to do with the home immediately following a mortgage refinance. 
 
Real estate professionals need to be equipped to address questions regarding this topic as they arise with current and potential clients.  While homeowners may be partially informed on the impact of mortgage refinancing, many may not have a complete picture of what mortgage refinancing is, … (0 comments)

refinance: What Are Your Home Equity Options When You Have Poor Credit? - 03/26/19 12:10 PM
What Do Lenders Look For in Home Equity Applications?
If you're facing financial strain in your life, a home equity loan might be the answer to your credit issues. Not only does settling your high-interest debt with a low rate home equity loan cut down on your liability, but it diversifies your credit mix and can improve your credit score to boot.
While you may face higher interest rates and lower loan limits with a damaged credit profile, it doesn't necessarily preclude you from obtaining financing. In most cases, home equity loans and HELOCs will still prove to be significantly cheaper than alternative sources of … (2 comments)

 
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