))
Ep 12: Mailbag – Second Mortgages, Home Equity Loans, and More
Manage episode 327597761 series 3012587
Contenu fourni par Bill Litton. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Bill Litton ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.
We are opening up the mailbag today to answer some listener questions about the mortgages and refinancing. Alice asks whether there is a difference between getting a mortgage for one home versus a second home? They are going to look at a lot of the same things: income, credit, and debt ratio. But you want to be aware of new interest rate regulations and your debt ratio.
Are home equity loans better than a cash-out refinance option? A home equity loan is a second mortgage option. A cash-out refinance is an adjustment to your first mortgage. Peter is wondering if he can get a new servicer without refinancing? Unfortunately, you can’t request a new servicer and these complaints are usually rare. But if you refinance you could go to a new servicer. Join us today as we take an in-depth look at these questions on today’s podcast.
TIMESTAMPS:
0:21 – Is getting a second mortgage different?
3:09 – Is a home equity loan better than a cash-out option?
6:10 – Can I get a new servicer without refinancing?
CONTACT:
Schedule a time to meet with Bill here.
Visit the Smart Mortgage Show website for more podcasts, videos and info.
Call: 484-352-4151.
Visit LendUS® on the web.
53 episodes
Partager
