Many people are not 100% certain as to what appraisers look for when determining the value of a real estate property. One of the more common misconceptions that many people have is that once the appraiser looks at their home, the appraiser knows the value. But -- the honest truth is that the appraiser actually has a good idea of the property's value by the time they have scheduled an … [Read more...]
Should I Refinance or Get a HELOC For Home Improvements?
For homeowners interested in making some property improvements without tapping into their savings or investment accounts, the two main options are to either take out a Home Equity Line of Credit (HELOC), or do a cash-out refinance. According To Wikipedia: A home equity line of credit is a loan in which the lender agrees to lend a maximum amount within an agreed period, where the collateral is … [Read more...]