When it comes to real estate, equity is a term that holds significant importance. But what exactly is equity? Simply put, equity is the difference between the market value of your property and the amount you owe on your mortgage. It represents the portion of your home that you truly own. Read More
https://www.jvmlending.com/wp-content/uploads/2023/06/Understanding-Home-Equity-in-Mortgages-3.png567850Hannah Papazianhttps://www.jvmlending.com/wp-content/uploads/2022/11/JVMLending-300x144.pngHannah Papazian2023-06-13 00:25:152023-10-03 18:34:24Understanding Home Equity in Mortgages
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
https://www.jvmlending.com/wp-content/uploads/2021/10/DANGER-Home-Equity-Lines-Inflation.png567850Jay Voorheeshttps://www.jvmlending.com/wp-content/uploads/2022/11/JVMLending-300x144.pngJay Voorhees2021-10-15 14:48:432023-08-29 12:33:20DANGER! Home Equity Lines & Inflation
This is a reminder that funds from an equity line or from a “cash out” mortgage are considered to be a borrower’s own “seasoned funds.” Such funds do not have […]Read More
https://www.jvmlending.com/wp-content/uploads/2022/11/JVMLending-300x144.png00Jay Voorheeshttps://www.jvmlending.com/wp-content/uploads/2022/11/JVMLending-300x144.pngJay Voorhees2014-04-03 08:13:412023-08-29 12:55:50Mortgage Funds are “Seasoned Funds”