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HousingWire interviewed a dozen loanofficers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. If they want to know what’s going on with rates, their loan, AI can give them an answer.
Homeimprovements: With a cash-out refinance, you can finally tackle those homeimprovements. No matter whether you want to put a new roof on your home or build an addition, when you refinance, you can free up more cash that can be put toward these renovations. Make a Capital HomeImprovement.
If your equity is $50,000, your home equity loan can be up to $42,500. You can use the funds from the loan for pretty much any purpose. Some people use the loan to cover the cost of a homeimprovement project, while others use the loan to help pay for their children’s college education.
You have saved up a hefty down payment, at least 20% of the home’s price. You need to buy a home that costs more than the conforming loan limit. Downloadable Guides. Click here to download the file. Click here to download the file. If you’re a veteran, we can help you get a VA loan.
Borrowers may use this option to upgrade their home, perform repairs, or pay sudden expenses like medical bills. HELOCs are great for borrowers who want cash over longer periods of time, such as for large-scaled homeimprovement projects. Determine tappable home equity for your existing customers.
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