What is a Home Renovation Loan

What is a Home Renovation Loan

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...

What Does Limited Cash Out Refinance Mean?

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...

Home Renovations are the Preferred Christmas Gift

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...

Do I Have to Refinance with My Current Lender?

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...

Do I Have to Get a Brand New Loan on a 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...

How to Start a Cash-Out 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...