by temineth | Jan 8, 2019 | Refinance
How does a home renovation loan work in New Jersey? Are you thinking of renovating your New Jersey or Pennsylvania home in 2019 and want to take out a renovation loan? This type of loan gives existing homeowners the funds needed to complete repairs, renovations, or...
by temineth | Dec 20, 2018 | Refinance
A limited cash-out refinance, also known as a rate and term refinance, allows you to obtain more favorable loan terms, use equity to pay off mortgage-related debt, and receive a limited amount of money back at closing. If you have significant equity in your home, you...
by temineth | Dec 10, 2018 | Refinance
It seems that this year and probably into 2019, the preferred gift of the year is a home renovation. Homeowners are planning to spend big this season and not just on gifts. According to a new survey, about one-third of homeowners are planning home improvements over...
by temineth | Nov 27, 2018 | Refinance
We get a lot of people inquiring about a refinance and whether they have to go through their existing lender or not. A refinance is technically a pay off of your old loan and the start of a brand-new loan. You are essentially getting a loan to pay off your existing...
by temineth | Nov 19, 2018 | Refinance
Refinancing works by giving a homeowner a brand-new loan which replaces the existing one. Borrowers apply just as they would a brand-new home loan and are required to present all the documents and necessary paperwork stating income, assets, and liabilities as if it...
by temineth | Oct 18, 2018 | Refinance
To refinance a home loan means to completely pay off the old loan and take out a completely new loan, usually with new terms, new interest rates, and/or pull out equity from the house. Equity is the difference between the amount you owe on a home or property and what...