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...

Most Common HELOC Questions Answered

Do you know that most Americans have more equity in their home than they think? According to Corelogic’s most recent Homeowner Equity Insights Report, US homeowners with a mortgage gained an average of just over $16,000 or about 12% and home equity from 2017 to...

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...