Jul 18, 2023
Have you or your client accrued equity in your home? How can homeowners get the most out of that equity and use it in a way that suits their own unique situation?
Join us in this enlightening episode as we sit down with expert mortgage lender, Jen Hernandez. Amidst skyrocketing house prices and growing home equity, we delve into the different strategies homeowners can employ to make the most of their newfound wealth. Jen sheds light on creative financial solutions, including cash-out refinances and investment opportunities that could potentially lower monthly payments, pay off IRS tax liens, and settle high credit card debts.
Jen offers a wealth of insights on how the funds from a cash-out refinance can be used, emphasizing that there are no explicit restrictions as long as the homeowners qualify for the payment. She goes on to highlight potential obstacles related to credit and marital status, and she provides potential solutions to these issues.
We get into the timeline of this process (30 to 45 days), while emphasizing the importance of timely paperwork submission. We also examine the factors that could delay this process, such as existing liens, poor credit scores, and divorce-related issues.
This episode is a must-listen for homeowners considering tapping into their home equity or professionals advisors looking to gain a comprehensive understanding of the potential risks and rewards involved in leveraging home equity.
Find Jen at https://www.loanwithjen.com, on LinkedIn at https://www.linkedin.com/in/loanwithjen, or be sure to check out her YouTube channel.
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Contact John at john@strohmeyerlaw.com or via social. Visit https://www.strohmeyerlaw.com/houston-professional-advisors for more info about how John works with advisors like you.