Refinancing your VA loan to tap into your home’s equity is possible with a VA cash out refinance. In fact, you can borrow up to as much as 100% of your home’s equity with a VA loan. Is it worth it though?Compare Offers from Several Mortgage Lenders.As with any refinance, there are pros and cons that you must consider. Keep reading to learn both sides of the VA cash out … [Read more...] about The Good and Bad Sides of the VA Cash Out Refinance
You have equity in your home and you want to use it. While there may be a program that allows you to tap into that equity, it’s not always the right choice. Before you jump in and take the equity out of your home, learn which uses are best for your equity and which are best left alone.Get Matched with a Lender, Click Here. Renovate Your Home Perhaps the best reason to tap … [Read more...] about Smart Ways to Use your Cash-Out Refinance Proceeds
Refinancing can give you a second chance to get a better interest rate on your mortgage or to help you tap into your home’s equity. But there are plenty of mistakes that you can make with this process. Before you refinance your mortgage, learn the top blunders that you should avoid.Looking for Current Mortgage Interest Rates? Click Here. Resetting Your Loan Term When you … [Read more...] about Don’t Make These Refinancing Mistakes
If you are in the market to refinance, you probably wonder how much equity you need. Many people assume that they have to have a low LTV to do so. That’s a myth, though. Unless you plan to take cash out of your home’s equity, your LTV requirements are the same as they were for your purchase. Unless things have changed drastically, you probably have a lower LTV now than you did … [Read more...] about How Much Equity Do You Need to Refinance Your Mortgage?
If you are a self-employed borrower, you probably think you have limited options when it comes to qualifying for a refinance loan. You probably think you are even worse off if you write off a lot of expenses on your tax returns. Lenders have to use your adjusted gross income, which can be next to nothing if you are like most business owners and write your expenses … [Read more...] about Bank Statement Refinance Loans for Self-Employed Homeowners