A new video has been released by NuHome Team to provide viewers with useful information on the benefits and drawbacks of Home Equity Line of Credit and Cash-Out Refinance options.
Glendora, United States - March 1, 2021 /PressCable/ —
NuHome Team, a real estate and mortgage consulting company based in Glendora CA, released a new video on Home Equity Line of Credit (HELOC) and Cash-Out Refinance for individuals interested in mortgage refinancing options for their home.
For more details, please visit https://www.youtube.com/watch?v=IhpMRnJZyms&t=3s
The newly released video aims to inform viewers, particularly homeowners, about mortgage options by offering a quick overview of the advantages and disadvantages of choosing a HELOC and a Cash-Out Refinance.
A survey conducted by the Kaiser Family Foundation showed that 39 percent of Americans had either lost their jobs or lost income due to the current pandemic. In these uncertain times, homeowners looking to obtain extra funds have loan options available at their disposal.
Through a HELOC, the equity of your home will serve as collateral. A Cash-Out Refinance will convert your home equity into cash through the refinancing process. A senior mortgage advisor at NuHome Team will evaluate a client’s needs before recommending the best solution that fits their goals.
One of the many benefits and drawbacks featured in the video is that while a HELOC is not tax-deductible and interest rates may be higher than a 30-year fixed loan, credits can be reused once it is paid off.
The Cash-Out Refinance option, on the other hand, is tax-deductible but homeowners may not be able to secure a lower interest rate than what they were previously paying on their mortgage.
With the latest video release, NuHome Team continues its commitment to educate and inform clients and those new in their home financing journey on the how-tos in becoming a successful homeowner.
A satisfied client: “Working with the NuHome Team has been an excellent experience for a refinancing I did on my home. I appreciated all the client-friendly technology that the team used to help me evaluate a range of options and provided guidance on how to proceed. The team is professional, efficient, and easy to work with. I recommend NuHome Team to anyone looking for a mortgage loan.”
Interested parties can find more information by visiting https://www.youtube.com/watch?v=IhpMRnJZyms&t=3s
Contact Info:
Name: Justin Brown
Email: Send Email
Organization: Nuhome Team
Address: 126 N Glendora Ave, Glendora, CA 91741, United States
Phone: +1-909-833-3200
Website: https://loansbyjb.com/
Source: PressCable
Release ID: 88999335
