How to Prepare Your Home for an Appraisal | Tips for Getting your Home Appraised

Tips to follow when getting your home ready for a Home Appraisal. After you’ve accepted an offer to sell your home, your property will be appraised to see if it’s worth what the buyer is offering. This appraisal is crucial to making sure the sale goes through smoothly. If it comes in too low, the
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Should I Do a Cash-out Refinance on My Rental Property?

Cash out Refinance on Investment Property
Mortgage interest rates have been near record lows for the past several years. At the same time property values have jumped dramatically, giving homeowners plenty of equity. Those two factors combine to make right now an excellent time to get a cash-out refinance loan. But what if you own rental properties or investment homes? Could
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Recent Feedback: Refinancing

Recently we received an encouraging bit of feedback on a refinance we had the pleasure of coordinating. We were especially pleased that our clients found our approach informative, and delighted that they decided to recommend us in the future! Here’s a bit of their kind words: “Stephanie, My husband and I were very pleased with
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Prepayment Penalties: What You Need to Know

What are Prepayment Penalties? Whether you’ve recently applied for a mortgage loan or are considering doing so, it’s important to familiarize yourself with prepayment penalties. Prepayment penalties are exactly as they sound; they are penalty fees charged to the borrower for paying off their loan before a certain time period. Generally speaking, the penalties are
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Rules of thumb about when to refinance

Deciding when is the best time to pull the trigger on a home loan refinance, as a rule of thumb, is not always clear. Refinancing seems like a new opportunity to get a better interest rate or perhaps even to take funds out of equity to use for your own benefit. The problem is, though,
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What is IRS Form 4506 why does my lender want it?

When applying for a mortgage , your lender may ask you to sign and submit a Form 4506. It is a form we get directly from the IRS which some mortgage lenders may require you to complete as part of your loan application. What is a 4506 used for? Form 4506 T, as it is
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What is a Second Mortgage?

A second mortgage is a home mortgage that you take out in addition to your first. It is a different arrangement from a refinance. When you refinance a mortgage, you simply take out a loan that loan replaces your existing mortgage. A second mortgage is written in addition to your first mortgage so you have
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Can You Refinance a Home Mortgage into One Name?

As mortgage lenders, one question we are often asked is whether or not you can refinance a home mortgage into just one person’s name.  There are some cases where you may want to have your mortgage debt in one name only. This can be done, but it will depend upon a couple of things: Credit
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What are the Benefits of Cash Out Refinancing?

Cash out refinancing is a way that you can borrow money against the investment you have in your home by refinancing more than the balance you owe on your home mortgage. It’s important to remember that this is, in fact, a loan. It’s not a profit that you’re making off of your home and is
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When to Consider Refinancing Your Mortgage for a Better Rate

If you have an adjustable rate mortgage or a home mortgage with rates that aren’t favorable, you may want to consider refinancing. Before you do, however, you have to take a look at your situation and see if it’s a good time to go through with it. Even though the rate will drop, there are
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