Posts Tagged 'refinance'

Surge in Home Equity Spurs Refinances

Many of us associate the term “cash-out refinance” with the risky consumer behavior during the real estate boom, when some homeowners turned inflated home values into money machines, leveraging their equity to the maximum allowed. That didn’t end well for many but now that home equity is on the rise, cash-out refinancing is making a strong comeback, however, this time under much tighter guidelines. Cash-out refinances have grown to 17% ...

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Shopping For a Mortgage? Ask…

You have many choices when applying for a home loan. Some lenders have begun advertising that they offer substantial credits to their customers — some in the $2,000 to $5,000 range. This is nothing new as we have been providing credits for closing costs since inception. To illustrate, we recently closed a customer’s $417,000, 30 year- fixed rate mortgage @ 4.25% and we credited the borrower over $8000 to offset ...

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Refinancing Still an Option for Some

If you have been unable to refinance during the past 5 years due to a lack of equity, you may be able to do so now due to increases in home values over the past several years. Home prices in California rose in the past 12 months through August by the most in more than seven years helping boost owner equity.

Recently we refinanced several of our clients who, in the ...

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Three Reasons to Refinance Now

If you are on the fence about refinancing, below are three good reasons you should consider:

Home Values:
Median values in California have increased rapidly this past year. The median home price of a Southern California home in May of 2012 was $280,000 but by May of 2013 it had increased to $368,000, a jump of 24%. Over the past year, about 2 million homeowners ...

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Everybody Loves These Loan Programs

We wish everyone a happy and properous 2013. As we approach spring home buying season and interest rates continue to trend higher, the following programs may be beneficial to you or your friends & family. Some of these programs were specifically designed for those who don’t have 20% down for purchasing a house, currently own a house or investment property that you want to refinance but don’t have enough ...

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