Understanding the Mechanics of a HELOC Loan


A Home Equity Line of Credit is a type of loan that allows homeowners to borrow against the equity they have built in their property. Equity is the difference between the home's current market value and the outstanding mortgage balance. HELOCs are typically offered by banks, credit unions, and other financial institutions and are often regarded as a "second mortgage."

It’s An ARM Market And We’re An ARM Lender

2022-11-10T16:18:47-05:00Home Mortgage Tips|

Like a lot of people, I never thought I would see a 7.0% rate on a 30-year fixed mortgage again. But here we are. And it appears that 7.0% is the breaking point for most borrowers. Rates have simply moved too fast and too high. The result has been a significant demand in Adjustable Mortgage

Attention Real Estate Pros! We Have Mortgage Options For Your Clients


As a portfolio lender, we underwrite and hold onto our own loans in most cases. This allows for flexibility on files that “make sense” but maybe fall outside the standard profile. Scenarios where we have an advantage over non-bank lenders would be: ARMs Many clients are getting very comfortable with an adjustable rate mortgage (ARM)

Expanded Guidelines For Debt Ratios, Lot Loans, Construction Loans, And Mortgages


Ed Currie and his team understand the importance of getting you the loan you need to move into your new home, so we’ve expanded our guidelines to make the process even easier, and to help you qualify for the loan you need.  Expanded Debt Ratios We’ve expanded our debt ratios up to 50 percent in

How I Learned To Stop Worrying And Love ARMs

2022-03-21T14:39:51-04:00Mortagage Tips|

Just the thought, idea or hearing the term adjustable-rate mortgage (ARM) can create a negative reaction in people. Some people would prefer riding on an atomic weapon just as Slim Pickens did in Stanley Kubrick’s famous movie than to get an ARM. This reaction is perfectly understandable. About 90% of mortgages people take out are

How To Avoid The New Higher Interest Rates On Second Homes

2022-02-17T17:03:26-05:00Home Mortgage Tips|

It used to be that the rates for buying or refinancing a second home were more or less the same as those for buying or refinancing a primary home. Those days are gone now, though. The Federal Housing Finance Agency is going to raise fees/rates as of April 1, 2022 on some home loans, specifically

Ed Currie’s 2021 Interest Rate Forecast

2021-01-13T17:26:40-05:00Market Outlook|

This time last year, we are all talking about a virus out of China and the Dems trying to remove President Trump from office. Fast forward a year and, well, we’re still talking about the same thing. But, a lot has happened in between! My mortgage rate forecast last year was to have rates fall

Buying A Home With Cash Versus Low Interest Rate Mortgages


The real estate market has been in flux during the past few months. As a result, this could be a great time to both buy and sell a home. This is because mortgage rates are attractive for borrowers right now. With so many people who are looking to buy a home, is likely the people selling a home are going to receive multiple offers. On the other hand, given what the mortgage market looks like right now, borrowers also have attractive options.

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