Cash Out Refinancing vs Home Equity Line of Credit

Cash Out Refinancing vs Home Equity Line of Credit

As a homeowner, sometimes you need a little extra cash for unexpected expenses. Whether it be home-related costs like repairs or remodeling, paying off other debts like student loans or credit card balances, or putting the cash toward another investment, there are a...
Is now the time to refinance?

Is now the time to refinance?

We’re living in unprecedented times. The COVID-19 pandemic, economic sluggishness and social unrest seems to have dominated the headlines and put many Americans’ plans to refinance or buy a home on hold. But in truth, refinancing and home purchasing can still occur,...
Using the Equity in Your Home to Help with Expenses

Using the Equity in Your Home to Help with Expenses

Owning a home can be a great source of pride and satisfaction. It can also be a great investment over the long term. As your home builds value and you continue to pay off your mortgage, your home builds equity—which can be tapped into to help pay for expenses. Instead...
Mortgage rates are super low. Is it time to refinance?

Mortgage rates are super low. Is it time to refinance?

As the world economy copes with the growing concerns amid COVID-19, as well as political factors, mortgage rates are nearing historic lows. While we at Luxury Mortgage acknowledge the seriousness of this illness and advise everyone to take precautions, it should also...
Cash Out Refinancing Options

Cash Out Refinancing Options

Today’s mortgage rates are very low, making it an ideal time for equity-rich homeowners to explore cash-out refinancing options. If you’re thinking of applying for a cash-out refinance, Luxury Mortgage offers this option in a variety of loan products. We will...