The main reason homeowners refinance home mortgages is for a lower interest rate, lower monthly payment or the chance to shorten the term of their mortgage. Refinancing may be a great option to consider if it means you will be saving money on your existing mortgage. If you have a bad credit score it can put you […]
If you’re trying to purchase a home after a foreclosure, you aren’t alone. In fact, many who lost their homes during the Great Recession are just starting to re-enter the housing market. If this is the case for you, you may already be qualified to get a mortgage. However, if you’ve lost your home more […]
3 Ways You Can Improve Your Home Equity Building home equity is a natural process: if you send your payments in on time and in full, your equity will grow as your loan balance decreases. However, if you’re looking to speed up the process, here are some ways you can build your home equity even […]
The day you buy a house is without a doubt one of the most monumental days of your life, but the path leading to that day might not always be easy. We all know the situation: you are caught in a seemingly never-ending circle of trying to save for a mortgage while simultaneously forking out […]
Buy a Home During Winter for These Amazing Advantages Spring and Summer tend to be the go-to season for house shopping, especially for first time home buyers. Who really wants to trudge from door-to-door looking at houses in weather under 40 degrees? But, there are distinct advantages to buying a home in the winter. A typical […]
Buying a Home is a Big Financial Investment Deciding to buy a home is a big decision, and it comes along with big responsibilities and big financial obligations. When saving up to purchase a home, you should consider not only the down payment but also the numerous other fees that are bundled into the transaction. […]
Renovation Loan 101 Is the home you’re in love with a fixer-upper? Renovation loans are the best way to turn a home that needs a little TLC into the home of your dreams. Since lenders won’t give you a $300,000 loan for a home that is only worth $225,000, it can take some creativity to […]
The Basics of a Home Equity Line of Credit If you’re still holding onto your home equity line of credit (HELOC) and the 10th birthday is rapidly approaching, it’s important that you understand what your options are. What does every consumer need to know about home equity lines of credit and what occurs when the […]
The Best Ways to Boost Your Credit Score Buying a home is a long process that starts months before you ever look for the first home listing online. A variety of factors, including your credit score, all factor into whether or not you are approved by a lender. If your credit score could use some […]
Credit Score 101 When you’re preparing to buy a new home or refinance your mortgage, there’s a good chance you are thinking closely about your credit score. This number plays a large role in a variety of aspects of your mortgage, including what financing options are available to you, the interest rates you’re offered and […]
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Ken Venick
Phone: 443-471-4310
kvenick@equitymortgagelending.com