The timing might be right to refinance your mortgage loan. Today’s LOW rates (as of 02/11/2021) may help you significantly lower your monthly payment, shorten up the term of the loan or accomplish other financial goals. Here are some of the top reasons people refinance their mortgage.
A cash-out refinance increases your mortgage debt and reduces the equity you may have in your home. Your monthly mortgage payments may be higher.
Everyone’s situation is different. We’ll work with you to determine if the timing is right to change your loan program and what effect refinancing may have on your future plans by considering your cash on hand and how likely you are to sell your home in the near future. Call us today for your free consultation.
HUD homes are foreclosed homes. They are homes that the previous owner took out a FHA loan and were subsequently foreclosed on. HUD/FHA then takes those homes and resells them. Not only are HUD homes listed for sale on the local MLS but they are also listed for sale at hudhomestore.com. While many real estate agents and lenders run from them, we run to them! Yes, it is true, HUD homes can pose there own set of challenges when it comes to trying to finance one, but they also have there own set of unique financing options. The following is a presentation on HUD homes. We dive into the nitty gritty. We cover problems that come up and the ways to solve those problems. If you are a buyer looking to finance a HUD home you can apply here. Realtors with questions feel free to call Jeremy at (269) 488-9494.Visit Jeremy's Blog