You have equity in your home and you want to use it. You have several ways to get access to it including a cash-out refinance. If you choose the cash-out refinance, you refinance your first mortgage for a larger amount than what you owe on it now. This can be the right idea for some […]
How to Qualify for a VA Cash-Out Refinance
If you need a cash-out refinance, be ready to show a lender that you are a good risk. When a lender gives you more money than you already have outstanding, it puts them at risk. Luckily, the VA guidelines are not nearly as strict as many other cash-out refinance programs. Looking for Current Mortgage Interest […]
Are Cash-Out Refinance Rates Higher?
When you refinance, chances are you want to a lower interest rate. But if you take cash out of your home’s equity, you should prepare yourself to pay a higher interest rate. There’s good reason for it, though. Get Matched with a Lender, Click Here. Lenders base their interest rates on the riskiness of your […]
VA Cash-out Refinance: What’s the Maximum LTV Allowed?
If you have a VA loan now and you are ready to refinance to tap into your home’s equity, you probably wonder how much you can borrow. Looking for Current Mortgage Interest Rates? Click Here. The VA loan is one of the unique programs in this respect because it allows you to take out up […]
Do Lenders Give Higher Rates for VA Cash-Out Refi Compared to an IRRRL?
You have a VA loan and you want to refinance. If you are toying between the idea of a cash-out refi and an Interest Rate Reduction Refinance Loan (IRRRL), you may want to know the difference between the interest rates offered. Get Matched with a Lender, Click Here. Both loans are VA loans, which often […]
How To Make the Best Use of Your Mortgage “Cash-Out” Refinance
As your home appreciates, you may realize that you have more equity than you thought. You might even consider using that equity. Should you use it? Are all expenses created equal when it comes to using your equity or is there a best use of your equity that you should consider? Get Matched with a […]
How Much Home Equity Do You Need to Refinance?
You want to refinance your mortgage, but you aren’t sure if you have enough equity. What’s the average amount that lenders require? Get Matched with a Lender, Click Here. The general rule of thumb is you must have 20% equity in your home to refinance. But, there are ways around this. While it makes the […]
Cash-out Refinance Vs. Home Equity Loan: Pros and Cons
If you need cash and you know you have home equity available, you might wonder what the best way is to get the cash. Should you take a cash-out refinance? Is it better to take a home equity loan and leave your first mortgage alone? Get Matched with a Lender, Click Here. Both options have […]
What Is a Good Expense Ratio for a VA Cash-out refinance?
You want to tap into your home’s equity with a VA cash-out refinance. While you may be entitled to it if you have equity in your home, you have to be able to qualify for the loan. In other words, you have to prove you have the income to afford the loan. Looking for Current […]