You need cash, but you aren’t sure you want to refinance your first mortgage. Is the cash-out refinance the only way to get the cash you need?Looking for Current Mortgage Interest Rates? Click Here.Luckily, there are other ways you can get your hands on some cash. Some of the options may be Read more
What Does the New Year Hold for HELOCs? Projections, Rates in 2018
Some news sites and even past reports claim about HELOCs gaining traction this 2018. To be fair, home equity lines of credit are a perennial favorite among homeowners to get cash out of their equity or simply have standby funds for the rainy day.Still, it begs the question of what makes 2018 a Read more
HEL, HELOC or Cash-out Refinance – Which Is for You?
There are many ways to tap your home’s equity and convert it into cash. And these three loan options - HEL for home equity loan, HELOC for home equity line of credit, and cash-out refinance - help you reach that goal. Each option is not a one-size-fits-all method as it conjures scenarios that could Read more
Senior Home Equity for Q1 at Record-High
The RiskSpan Reverse Mortgage Market Indexwhich measures held equity by older homeowners on a quarterly basis reported an all-time high increase of 227.07 in the first quarter of 2017. Since the index’s establishment in 2000, the current Q1 report marks a new record in its charts. The Read more
All About Second Mortgages
Any and all mortgages taken out after or simultaneously with the first mortgage are called second mortgages. They are especially potent in environments where home prices are rising because that would mean more equity to borrow against. Second mortgages serve several purposes and appear in a variety Read more
