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Monthly Archives: October 2021

    Removing or Adding a Person to a Loan

    By Mike Parker | October 26, 2021

    In divorce situations, it is common, for the spouse who keeps the home to refinance to remove the other spouse from the loan.  Equally as common, first-time buyers who don’t have enough income to qualify may ask a parent to co-sign and must add their name to the mortgage. Another situation that requires removing or... Read More

    Cash-Out Refinance

    By Mike Parker | October 11, 2021

    With the rapid appreciation that homes have had in the last two years, most homeowners have equity.  A common way to release part of the equity is to cash-out refinance but some homeowners may not be eligible currently. This type of loan replaces the current mortgage by paying it off and an additional amount of... Read More

    Encouraging Multiple Offers

    By Mike Parker | October 4, 2021

    Based on the current competition due to lower than normal inventories, it is possible for a seller to find themselves on the beneficiary side of a multiple offers.  Two or more parties may be trying to buy your home at the same time and because of the competition, they increase the purchase price, possibly, remove... Read More