Can You Refinance a Home Equity Loan?
If you have a home equity loan, it’s possible to refinance it This is done by getting a new home loan and using it to pay off the old one Refinancing a home equity loan can be beneficial because it... more
Why Homeowners With 660 Credit Score Need to Move Quick to Close on Their Home Equity Loan
If you’re a homeowner struggling to manage your debt payments, cashing out on your home equity sooner rather than later could save you money in the long run A common way of doing this is using a... more
Comparing Home Equity Lines of Credit: How To Get The Best Deal
You’re in the market for a new Home Equity Line of Credit (HELOC), and you’re having trouble deciding if a HELOC suits you because you’re bombarded with so many different offers And every offer... more
How Much Home Mortgage Do I Qualify for, and How Much can I Borrow?
Knowing how much mortgage you can afford depends on several important factors These factors, taken together, create your total affordability picture The rule of thumb is that lenders look for the... more
How Many Times Can I Refinance My Home?
There is absolutely no limit to how many times you can refinance your home Lenders do sometimes enforce a certain waiting period of time between closing a mortgage and refinancing for a new one If... more
Does Refinancing a Home Hurt Your Credit Score?
Many homeowners wonder if refinancing their homes will hurt their credit scores The truth is that it depends on several elements such as the time frame for hard credit checks, multiple loan... more
The Mortgage Underwriting Process: Everything You Need to Know
In order to get a mortgage loan, you’ll have to go through a lender’s mortgage underwriting process – including for a home equity loan or home equity line of credit (HELOC) or cash-out... more
Your mortgage loan got denied in the underwriting process? We’ve got answers.
If you’re getting a mortgage loan, you’ll need to go through a lender’s mortgage underwriting process It’s the step in which your lender reviews your loan application to determine if your... more
What Happens When a Mortgage Goes to Underwriting?
When a mortgage loan goes into underwriting, your credit and financial background are reviewed to determine whether your application can be approved This can include an assessment of your credit... more
Can I Access My Home Equity with Bad Credit Scores?
Do you need to access your home equity, but you’re worried that your low credit score will prevent you from getting approved You’re in luck! Today having less-than-perfect credit scores is more... more
