Cash-out refinancing can be an excellent way for homeowners to access their home equity for various financial needs. Below, we’ll break down what a cash-out refinance is, its potential benefits, eligibility requirements, and how to navigate the process with our Direct Lending team. What is Cash-Out Refinancing? Cash-out refinancing is a financial strategy where you take out a new mortgage …
Is Now the Time to Refinance?
If you’re contemplating refinancing your mortgage, you’re in good company. With recent fluctuations in mortgage rates and shifting economic conditions, it’s important to carefully evaluate whether now is the right time for you to refinance. Understanding the Current Mortgage Landscape Interest Rates: In 2024, mortgage rates have been fluctuating between the mid-6% and low 7% range. Recent reports suggest that …
Unlocking Savings: A Guide to Mortgage Recast
If you’re looking to lower your monthly mortgage payment and have the means to make additional payments towards your loan principal, a mortgage recast might be the solution you’ve been searching for. In this comprehensive guide, we’ll walk you through what a recast is, its potential benefits, eligibility criteria, and the step-by-step process from initiation to completion. Let’s explore how …
Navigating the Homestead Exemption: A Guide to Property Tax Relief
The Homestead Exemption is a valuable benefit that can help homeowners save on property taxes. This exemption is available in several states across the United States, providing financial relief to eligible homeowners. In this blog post, we explore how eligible homeowners can take advantage of this valuable benefit. States offering the Homestead Exemption: The Homestead Exemption is not available nationwide. …
Enroll for Electronic Year-End Statements!
If you’ve already embraced the convenience of paperless mortgage and account statements, we applaud your commitment to a streamlined, eco-friendly approach to managing documents associated with your loan! Did you know we recently expanded our paperless delivery service to include electronic year-end statements? In a few quick clicks, you can enroll now to receive an email notification when your future …