Rates are on the move but you have options

Posted by Spring EQ on Sep 7, 2022 9:59:40 AM

With rates on the move again, CNBC reports that "mortgage applications were 83% lower" from the same time a year ago. What does this mean if you’re a homeowner with a low mortgage rate who still wants to access cash from your home’s equity? Here are your options…

 

 

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Topics: mortgage, HELOC, finance, Financial Tips, Personal Finance, debt, debt consolidation, pay off debt

Debt Consolidation Secret Weapon

Posted by Spring EQ on Jul 31, 2022 5:20:46 PM

With CNBC stating that nearly 60% of Americans are living paycheck to paycheck, it’s no surprise that credit card debt is on the rise.

 

This mounting debt against a backdrop of record inflation could create significant financial challenges for many homeowners. So what they can do?

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Topics: Cashout, HELOC, HomeEquity, CashAccess, Financial Tips, Personal Finance, debt, debt consolidation, pay off debt

Basement Remodel Budget Tips

Posted by Spring EQ on Jul 25, 2022 3:58:15 PM

There are countless ways a finished basement can elevate your home—from home offices to guest rooms to movie rooms and more. With the right planning, your vision can become a reality. So if you're looking to add value to your home, finishing your basement could be a great option.

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Topics: Cashout, HELOC, HomeEquity, CashAccess, home improvement, remodel, Financial Tips, Personal Finance, home design, home trends, home upgrade

Do You Know Your DTI?

Posted by Spring EQ on Jul 19, 2022 1:16:56 PM

When you apply for a home equity loan, most people know FICO and credit score will play into their ability to qualify for a loan. But are you aware of the effect your debt-to-income (DTI) ratio can have?

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Topics: Cashout, HELOC, HomeEquity, CashAccess, Financial Tips, Personal Finance, CLTV, Cash Calculator, DTI, debt-to-income ratio, loan approval

HELOC vs. Personal Loan

Posted by Spring EQ on Jun 20, 2022 10:15:48 AM

With the latest headlines about rates, inflation and gas prices, many homeowners are looking to consolidate debt and pay off higher-rate loans and credit cards. That’s why it’s more important than ever for homeowners to clearly understand your options—so you can choose the solution that’s best for you.

 

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Topics: mortgage, HELOC, finance, home improvement, Financial Tips, Personal Finance, debt, debt consolidation, pay off debt, personal loans

Need to Pay Off High-Interest Debt?

Posted by Spring EQ on Jun 13, 2022 2:20:00 PM

You've seen the headlines. Rates continue to stay on the move. And more homeowners are turning to Home Equity Lines of Credit (HELOCs) as their go-to strategy to access the cash they need from their home's equity. Why?

 

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Topics: mortgage, HELOC, finance, Financial Tips, Personal Finance, debt, debt consolidation, pay off debt

Is a Bridge Loan right for you?

Posted by Spring EQ on May 6, 2022 9:37:45 AM

With rates on the move and home values setting records in neighborhoods across America, you know it’s a crazy market out there. So if you’re home shopping and you find the house of your dreams BUT you haven’t sold your home yet—what are your options? Here’s a way to use your existing home’s available equity if you’re short on down payment funds for your new home...

 

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Topics: mortgage, HomeEquity, FixedRate, finance, Financial Tips, bridge loans, home purchase

Your Credit Score Secret Weapon

Posted by Spring EQ on Apr 10, 2022 11:12:28 AM

You may already know Experian is one of three major credit reporting bureaus in the U.S. And you might be aware they offer free credit reports, daily credit monitoring and credit scores.

But did you know Experian can also instantly give your credit score a boost?

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Topics: credit rating, FICO, Experian, credit score, Financial Tips, Personal Finance