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Key Takeaways
HELOCs work similarly to credit cards, with draw and repayment periods
A HELOC generally costs less than a cash-out refinance
HELOC interest rates typically tie half to a full percentage point above the prime rate
Check...
Key Takeaways
Lenders often base your manufactured home loan rate on your credit score and down payment.
Classifying the home as real property usually qualifies for better loan terms than personal property financing.
Older manufactured h...
Key Takeaways
FHA cash-out refinancing lets homeowners tap equity for cash with more flexible credit and qualification standards.
Borrowers can access up to 80% of their home’s value but must keep 20% equity and cover FHA mortgage insuran...
Pros and cons of Tomo Mortgage
Pros of Tomo Mortgage
No lender origination, processing, or underwriting fees.
Competitive mortgage rates and APRs.
Fully digital application, underwriting, and closing process.
Fast home loan pre...
Pros and Cons of Agave Home Loans
Pros of Agave Home Loans:
Licensed in more than 13 states
Operates as both a broker and a lender for more loan options
Fully digital application and closing process
Offers refinancing, purchase...
Why this matters: Current uncertainty comes from a unique balancing act done by the Fed to both reign in consumer inflation and bring down high interest rates. For real estate agents and brokers, both concerns affect clientele. High mortgage ra...
We’ve all heard the refrain: it’s never been harder to buy your first home. The narrative almost always circles back to two usual suspects – mortgage rates and home prices. While rates and prices are undeniably visible and powerful l...
For mortgage shoppers and refinance-seeking homeowners alike, the lending climate in 2025 has proved challenging, with typical interest rates hovering between 6.25% and 7% – discouraging many from pulling the trigger on purchase and refi loa...
Pros and cons of Better Mortgage
Better Mortgage pros:
Digital platform with live rates and fast preapprovals
One Day Mortgage program provides a loan commitment in 24 hours
Offers loans for manufactured homes and self-employed bo...