Most people refinance a home to save money, at least in the long run. If you're contemplating making that move, it's a good idea to verify first that it's the most financially efficient way to achieve your goals and to ensure you're well prepared. But there are things to consider...
Category: Mortgage
Home Equity Line of Credit Application Checklist
Starting the application is easy. Simply apply online or call a loan officer at 202-808-3600. Here’s what you need to know prior to applying for a HELOC: You can borrow up to 90% combined loan-to-value (CLTV) Formula: (Amount owed on primary mortgage + HELOC) / appraised value Example: You owe...