It's no question that mortgage rates are at historical lows. Today, millions of American homeowners are eligible to refinance their mortgage to save money on their existing loan payments for primary residences, vacation homes and rental properties. Since 2018, mortgage...
Many wonder, what is a HELOC? Short for home equity line of credit, HELOC is a loan set up for maximum draw, not for a fixed dollar amount. HELOC is a line of credit secured by your home that...
As part of a federal rescue package designed to help homeowners, the government set aside billions of dollars in aid funding for American homeowners nationwide. Many families are overwhelmed by living costs and rising fuel and food prices....
The Home Affordable Refinance Program (HARP) was created to assist homeowners facing debt or foreclosure by offering a refinance option with fewer requirements. Because it was intended to help those in need, there are many notable HARP refinance benefits. HARP...
A home equity loan is a second mortgage for fixed amount, at a fixed interest rate, to be repaid over a set period. As property values and mortgage rates rise, homeowners look to take advantage by tapping in to their...
VA loans are becoming increasingly attractive home financing options for military borrowers faced with tough credit and down payment requirements. However, it’s important to be familiar with the advantages and disadvantages—The VA loan pros and cons. VA Loan Pros...
FHA Streamline Refinance - What is it The FHA Streamline Refinance Pros and Cons aren't always so obvious. We know the program is tailored to help homeowners save time and money during their refinance process. The program requires less documentation and...
What is a Home Equity Loan? It's a commonly asked question: what is a home equity loan? In short, a home equity loan allows homeowners to borrow money using their home's equity as collateral. With a home equity loan, homeowners can...
What is HARP? HARP was designed in 2009 to help homeowners refinance when finding themselves under water on their mortgages. Given, the HARP Loan pros and cons are good to know. HARP is an abbreviation for the Home Affordable Refinance Program....
The VA cash out refinance guidelines are similar to that required for a VA home purchase loan. To review, the VA cash out refinance program allows eligible veterans to tap into their home equity and receive cash back for any...
