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...

 

Read More...

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

2022 Best Mortgage Company to Work For

Posted by Spring EQ on May 2, 2022 1:15:13 PM

Spring EQ is honored to be recognized as one of the best mortgage companies to work for again this year,” said Jerry Schiano, CEO of Spring EQ. “We strive to build a fast-paced and rewarding environment committed to diversity and inclusion, professional development and excellent benefits for our talented and hardworking employees.

 

Read More...

Topics: mortgage, HomeEquity, careers, mortgagecareers, nowhiring

For HELOCs, Is Your Bank The Best Choice?

Posted by Spring EQ on Mar 22, 2022 4:07:55 PM


When looking into any kind of mortgage loan, it's only natural to want to go where you feel comfortable. However, when homeowners obtain a Home Equity Line of Credit (HELOC), home equity loan or cash-out refinance from their existing bank or credit union, they sometimes miss out on potential savings, better offers and more flexible terms.

Read More...

Topics: Cashout, mortgage, HomeEquity, CashAccess

How Much Cash Can You Access?

Posted by Spring EQ on Mar 3, 2022 11:27:38 AM

What is your CLTV? And Why does it matter to Lenders?


The amount of cash you can access from your home is dependent on various lender requirements, with one of the most important being your CLTV, which means "combined loan-to-value" ratio.

Read More...

Topics: Cashout, mortgage, HomeEquity, CashAccess

There's No Place Like Home Equity

Posted by Spring EQ on Feb 7, 2022 1:42:13 PM

For home improvement, debt consolidation, education costs or anything else—home equity loans are a great choice for many homeowners looking to access cash from their home.

Read More...

Topics: mortgage, HomeEquity, FixedRate, CashAccess, HomeImprovement