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Finding A Lender
Posted by: Christine on 07/02/13

In order to find home mortgage lenders that you want to work with, you first need to know what you looking for. For any refinancing project, you want a lender who will be honest with you and not charge you exorbitant interest rates. You also want a lender who sees you and your home as a good investment, and so will want to refinance your home mortgage. Finally, you will want to find a lender you like, who is easy to work with, responds to communications in a timely manner, and is enjoyable to talk to.

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Qualifying for a Home Equity Loan
Posted by: Christine on 07/02/13

Another aspect of qualifying for a home equity loan is the amount of available equity you have in your home. Many lenders would not allow you to borrow more than a specified percentage of your home value in total loans. This figure is the loan-to-value ratio, or LTV, and it can determine the amount you eligible to borrow.

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How Does a Home Equity Loan Work?
Posted by: Christine on 07/02/13

A home equity loan is very similar to a large revolving line of credit, sort of like a giant credit card. Your lender will calculate an available credit limit for your loan, based on the value of your home and the available equity you have in it. Once your home equity loan is established, the money is yours to spend on renovations, consolidating other debts, paying college or tuition fees, starting a new business or for any other purpose you specify.

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Christine Diep

2678 Glen Hardy Ct.
San Jose, CA 95148
(408) 438-2350

CA DRE License # 01391554
CA NMLS License # 847496

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