A home equity line of credit allows you to tap into the equity in your home. If you put a large down payment down on the home or you paid off a significant amount of principal on your first loan, you may have equity. This equity is your money – you can consider it an investment. The money sits in your home until you sell it unless you take out a home equity line of credit. This second loan allows you to have access to the cash you accumulated in the home. The HELOC approval process is quicker … [Read more...]
The FHA Streamline Program: Good News For FHA Homeowners
The news has been filled with an amazing variety of good and bad about the real estate industry lately. There has even been some information about FHA home loans which may not have been correct but here is some news that has not changed: If you have an existing FHA home loan you can use the FHA streamline program to refinance your existing FHA home loan anywhere in the United States. Not every lender provides FHA streamline refinance services so make sure you are speaking with an FHA streamline … [Read more...]