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Monthly Archives: October 2021

    Removing or Adding a Person to a Loan

    By Carla Higgins | October 26, 2021

    In divorce situations, it is common, for the spouse who keeps the home to refinance to remove the other spouse from the loan. Equally as common, first-time buyers who don’t have enough income to qualify may ask a parent to co-sign and must add their name to the mortgage. Another situation that requires removing or … Continue reading Removing or Adding a Person to a Loan → Read More

    Keep Your Current Home as a Rental

    By Carla Higgins | October 19, 2021

    Let’s assume that you have owned your home for several years. It has increased in value and the unpaid balance considerably less than you originally borrowed. In short, you have equity in the home. You’re thinking about buying another home and one of the questions going through your mind is “should we find a replacement … Continue reading Keep Your Current Home as a Rental → Read More

    Cash-Out Refinance

    By Carla Higgins | October 12, 2021

    With the rapid appreciation that homes have had in the last two years, most homeowners have equity. A common way to release part of the equity is to cash-out refinance but some homeowners may not be eligible currently. This type of loan replaces the current mortgage by paying it off and an additional amount of … Continue reading Cash-Out Refinance → Read More

    Encouraging Multiple Offers

    By Carla Higgins | October 5, 2021

    Based on the current competition due to lower than normal inventories, it is possible for a seller to find themselves on the beneficiary side of a multiple offers. Two or more parties may be trying to buy your home at the same time and because of the competition, they increase the purchase price, possibly, remove … Continue reading Encouraging Multiple Offers → Read More

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