heloc: Today’s Cost of Living Can Change Everything
- 11/07/22 11:51 AM
“Hi Joe, Long time no talk, hope all is good with you. If you recall we purchased a home in North Carolina a few years ago with plans to move down there once we both retired. Well, that was the plan, but not happening. We need to keep working for at least another 5 years. Our plan at this point is to sell our current home and buy something smaller, and we need your assistance again. Let me know what you need from us in order to do a new mortgage.” This is the second time this week someone is telling … (3 comments)
heloc: The HELOC is Going to Change My Life!
- 10/06/22 11:54 AM
“Joe I want to thank you for letting me know about the REMN 5 day Heloc. It is going to change my life. I am paying off and paying down debt. I will be able to get my credit score back where they belong. I will lower my monthly bills. It will also reduce my stress of worrying about bills that I cannot get out from under. The Heloc was very easy and fast. Everyone that I spoke to during the process was very helpful.”
Inflation costs all of us. Some feel it more than others. Credit card obligations can be a killer – especially at … (3 comments)
heloc: A HELOC takes a Weight off Our Shoulders
- 09/09/22 01:47 PM
“Hi Joe, You are a life saver. We must have been one of your first callers after reading you were now doing home equity lines of credit. We paid our daughter’s college tuition and we decided to pay off a credit card off and the balance of my car loan. What a weight off our shoulders. Thank you for coming to our rescue once again!” For these folks refinancing was not a good idea, but doing a home equity line of credit was the perfect solution. Especially with the dramatic increases in home values, for some folks tapping into the equity in a home makes a lot … (4 comments)
heloc: Can You Do a Home Equity Line of Credit for Us?
- 08/09/22 01:14 PM
“Greetings Joe, Hope you are doing well. You did our mortgage 4 years ago and got us a fantastic rate, which we don’t want to give up. We want to do some home improvements and pay off one credit card. Was wondering, can you do a home equity line of credit for us? If you can, we were thinking around $75,000. Please let us know. I could also use a referral for a roofer, landscaper and electrician. All the best!”
Yes, of course we can do a home equity line of credit for them.
Their current mortgage is at 2.99 percent, they have paid … (7 comments)
There are many homeowners that are having difficulty refinancing their matured or about to mature HELOC’s. Many of the existing lenders that hold these receivables are either not willing to refinance these obligations for one reason or another or are offering terms at much higher interest rates.
One of my clients contact their existing lender and asked that they rewrite or modify the obligation. They came back with the following offer. They are willing to refinance the $400,000 obligation at 6.6% amortized for 20 years with a new payment of $2,984 … (12 comments)
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