Tag Archive for: cash-out refinance

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 Dwelling Units (ADUs), Granny Units, or In-Law Units. Per the WSJ, there are some 2.5 million single-family homes in California that are eligible to have […]Read More

DANGER! Home Equity Lines & Inflation

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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 all new mortgages. Yet, while millennials make up a sizeable portion of the housing market, over 45% of millennials have student loan debt. For homeowners […]Read More

Two Refinance Options Every Homeowner Should Know

Know Your Refinance Options 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.” With this […]Read More

How To Fund DIY Home Projects With A Refinance

Many homeowners consider tackling DIY home projects, whether you’re selling your home or just making minor improvements. For example, the list of home projects may include updating your hardwood floors. While this renovation may seem intimidating, here are five reasons hardwood flooring should be a top priority for every homeowner. 1. STRUCTURAL INTEGRITY If you’re […]Read More

Should You Refinance Your Mortgage?

Mortgage rates are trending down, and many homeowners are considering refinancing their mortgage. Homeowners should reach out to a Mortgage Analyst about refinancing their mortgage if rates have dropped significantly lower and if their home value has increased. THE MYTH OF STARTING AMORTIZATION OVER Amortization is the process of spreading out a loan amount into […]Read More

Cash-Out Refinance in California

House values are continuing to increase across the state of California, and homeowners are now finding themselves with more equity in their homes. Many homeowners utilize a cash-out refinance to convert some of their equity into cash. What is a Cash-Out Refinance? A cash-out refinance loan refers to the refinancing of an existing mortgage into […]Read More

“Delayed Financing” Option For Refi After Cash Purchase – 90 Days

One of our buyers is having difficulty getting offers accepted so he decided to offer “all cash” and then finance the property immediately after close via “Delayed Financing.” The Realtor’s questions about this reminded me that I had not blogged about it for some time. Delayed Financing is a conventional financing provision that allows “all […]Read More