Tag Archive for: cash-out refinance

ADU/In-Law/Guest Cottage Financing – Part Deux

I have been blogging about ADUs repeatedly over the last few years because states and local governments are so aggressively encouraging their construction – as a way to solve our […]Read More

VA Cash Out Refinance for Struggling Homeowners

As a Tennessee homeowner and a veteran, a VA cash-out refinance can offer you a path to financial stability and achieving your home-related goals. The VA cash-out refinance is ideal for those needing funds for debt consolidation, home improvements, or other significant expenses. If you're considering leveraging your home's equity or seeking a better mortgage loan JVM Lending's experts will provide personalized assistance, helping you determine if this is the right financial step for youRead More

When and How to Refinance Your FHA Loan

If you're a homeowner with an FHA loan, you may be wondering when and how you can refinance it. FHA loans, backed by the Federal Housing Administration, offer attractive benefits to first-time homebuyers and those with lower credit scores. However, as your financial situation improves or market conditions change, refinancing your FHA loan could save you money or provide other advantages. In this guide, we'll explore the ins and outs of FHA loan refinancing, including the optimal time to refinance and the various options available.Read More

Unlock Your Homebuying Power With The Trailing Primary Residence Program

Buying before selling a primary residence can present financial challenges. However, the Trailing Primary Residence Program offers a solution that increases your purchasing power and allows you to leverage the equity from your departing residence. In this comprehensive blog post, we will delve into the inner workings of the Trailing Primary Residence Program, its remarkable benefits, and how it can empower you to buy a new home easily.Read More

How to Qualify for an FHA Cash-Out Refinance

Are you looking to leverage your home’s equity for a variety of financial needs? A cash-out refinance can be a powerful tool, and if you meet certain criteria, an FHA cash-out refinance might be the perfect solution. We will explain how FHA cash-out refinancing works, the eligibility requirements you need to meet, and the step-by-step process to qualify. Whether you’re considering debt consolidation, home improvements, or funding other financial goals, we’ll equip you with the knowledge and insights necessary to make informed decisions.Read More

Leveraging Your Home Equity: Paying Off Debt and Seizing Investment Opportunities

Harness the power of your home's equity to pay off consumer debt and make smart investments, while avoiding risky borrowing practices.Read More

When It Makes Sense to Take a 3% HIGHER Rate (More Often Than You Think)

When I first got into the mortgage business in 1994, a borrower came to me with $160,000 of credit and auto debt and a $160,000 mortgage. He had never missed a payment, but his credit card debt was growing by $500 every month. This is because he had $5,000 per month of consumer debt payments he could not afford to make.Read More

How To Finance In-Law Units; Flight To Safety Again

CA recently passed a bill (SB9) that eases zoning restrictions and makes it far easier for homeowners to add extra units to their properties. These units are known as Accessory […]Read More

Why Should You Refinance Your Mortgage?

Refinancing is an excellent opportunity for homeowners to change their mortgage rate and terms to lower their interest rate, monthly payment, or cash out some of their property’s accumulated equity. There are two types of refinances available for homeowners, rate and term refinance, and cash-out refinance.Read More

When Is The Right Time To Refinance Your Home

Refinancing can be a smart financial move, however, there is still an important question to ask, how soon after buying a property can you refinance?Read More

DANGER! Home Equity Lines & Inflation

A borrower reached out to me for a Home Equity Line of Credit (HELOC) recently, and I referred her to a local bank that we work with that offers the […]Read More

What Is A Cash-Out Refinance In Texas?

Homeowners in Texas continue to see an increase in home value and are now finding themselves with more equity in their homes. Many Texas homeowners are eligible to utilize a cash-out refinance to convert some of their equity into cash, but what exactly is s cash-out refinance?Read More

Student Loan Cash-Out Refinances

Millennials are one of the largest demographics and have taken the housing market by storm. Millennials accounted for 38 percent of home purchases in 2020 and more than half of […]Read More

Two Refinance Options Every Homeowner Should Know

Because of the current low rates, refinancing has become very popular. Homeowners wanting to take advantage of these low rates should know about their refinance options. When you refinance to lower your rate or improve your mortgage terms, you are doing what is called a "rate and term refinance."Read More