Category: Home Loan

Second Mortgages

2020 was a financially sound year for homeowners since the home equity has an average gain of $26,300 last year. According to Corelogic, an average homeowner has more than $200,000 in equity. The pandemic brings in unprecedented financial difficulties, during which time you may need access to a large amount of money. Consider tapping into the […]

Types of Housing Loans: Choose the Right One

Types of Housing Loans: Choose The Right One Are you worried about figuring out the best type of mortgage to buy your dream home? If yes, then stick to this post until the very end, and you’ll soon realize that choosing amongst the different types of home loans isn’t that problematic. When you wisely choose […]

Refinancing a Mortgage – Your 2021 Guide

Mortgage refinancing is when you pay off your existing mortgage by obtaining a new loan. With the existing one paid off, the new loan takes its place, which you then pay in monthly installments. But it isn’t as easy as it sounds; Did you know that the costs could be 3-5% of the loan amount, […]

Home Equity Line of Credit vs Loan

Ever heard of the term “House Rich but Cash Poor.” It happens when you have money tied in equity but not in your hands. 1.42 million homeowners with outstanding mortgages have home equity built up on their homes. Accessing your equity can be helpful in times of emergency or even when you are strapped for […]

Is it better to get a home loan from a bank or lender?

Acquiring a home loan is a complicated and time-consuming process. So, there are several factors you need to consider. Aside from making sure you get the best rate on your mortgage. You also need to consider the terms of your mortgage loan. The terms of your mortgage determine how long it will take to pay […]