Cash-out refinance is common practice in real estate, however most people don’t know what it entails. So, what is it, and how does it work? To start, it’s important to clarify what it means to refinance a home. In a nutshell, refinancing means getting a new mortgage to replace the original one. Homeowners typically do […]
Posts tagged equity mortgage owings mills
How Much Should You Save to Buy a Hom...
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. […]
What Happens When a Home Equity Line ...
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 […]
How Credit Scores Are Calculated
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 […]
The Pros and Cons of Creating Your Dr...
Make Your Dream Home a Reality With low inventory on the market and cutthroat competition for the best homes, it’s understandable that many home buyers are turning to home builders to make their dream homes a reality. Before you determine whether or not building a house from scratch is right for you, you should do […]
Ken Venick
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