Navigating Refinance Appraisals with Confidence
Refinancing your mortgage is an exciting step toward better financial health. But before you can bask in the benefits of a new loan, there's one crucial hurdle: the home appraisal. Don't worry, though—we've got you covered with everything you need to know to ace this part of the...
Tax Deductibility of Home Equity Loans in 2024
Home equity loans have long been a popular financing option for homeowners looking to tap into the value of their homes. One of the major advantages of these loans is the potential for tax-deductible interest. However, the deductibility of home equity loan interest is subject to certain...
Is Your Dream Neighborhood in a Buyer's Market? Here's How to Find Out
Deciding to buy a home goes beyond just finding the ideal location—it's about understanding how specific neighborhoods can differ from national trends when it comes to timing your investment If you're wondering whether your desired neighborhood is in a buyer's market,...
Homeowners can get cash-out second mortgages to fund small rental properties
By JEFF LAZERSON | jlazerson@mortgagegrader.com | MortgageGrader.com | July 1, 2024
Article originally posted in Orange County Register on June 27, 2024.
Say, you want to build an accessory dwelling unit on your rental property, and you need financing.
Or maybe you want to buy another...
Understanding Your FICO Score: Key to Better Home Loan Rates
Have you ever wondered what that mysterious number, your FICO score, is all about? If so, you're not alone. A lot of people hear about it but don't fully understand how it works or why it matters. Let's break it down in simple terms.
What Exactly Is a FICO Score?
Your FICO score is a three-digit...