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Last Updated: 07/16/2024
in Home Equity Loan
Who can tell me more? Our knowledgeable Direct Lending team is eager to help you navigate the options and carve a path forward based on your personal goals and priorities! Reach out to us today. How can I get started with a Home Equity Loan? ...
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Last Updated: 06/24/2024
in Home Equity Loan Is a Home Equity Loan a good choice for me? It depends on your financial goals, current mortgage terms, and ability to repay the loan. A Home Equity Loan can be a valuable financial tool, but it’s important to understand all aspects of the loan bef...
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Last Updated: 06/24/2024
in Home Equity Loan
What is a Home Equity Loan? In short, it’s a type of loan secured by the equity in your existing, mortgaged property. You receive one lump sum of money at closing and repay it over a fixed period, with a fixed rate, on a fixed monthly payment. ...
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Last Updated: 06/24/2024
in Home Equity Loan
How does a Home Equity Loan work? Can I pay off a Home Equity Loan early? While the terms can vary by lender and other factors, our Home Equity Loan does allow for early repayment without prepayment penalties! Paying off the loan early ca...
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Last Updated: 06/24/2024
in Home Equity Loan Will I qualify for a Home Equity Loan? Typically, lenders will consider factors such as your credit score, debt-to-income ratio, amount of equity in the property, and loan-to-value ratio when determining eligibility and terms. Generally, the bett...
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What is an escrow account? Think of it like a savings account dedicated to the tax and/or insurance expenses required for your property—and as your loan servicer, we help you manage it. Depending on the terms of your mortgage, your escrow account m...
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What is an escrow account? Think of it like a savings account dedicated to the tax and/or insurance expenses required for your property—and as your loan servicer, we help you manage it. Depending on the terms of your mortgage, your escrow account m...
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If you’re interested in recasting your loan, here’s a rundown of the process and what to expect: Contact Customer Care to initiate the recast request, specifying the amount of your principal reduction payment(s). We’ll confirm whether your lo...
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What is an escrow surplus? All escrow accounts have a minimum required balance, which equals your expected tax and insurance expenses plus some extra money in case your bills go up – this is called a cushion. If your escrow account balance is mor...
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What is an escrow shortage? All escrow accounts have a minimum required balance , which equals your expected tax and insurance expenses plus some extra money in case your bills go up – this is called a cushion. If your escrow account balance is e...