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Home Refinance Loans for Improvements
We offer Home refinance loans offer cash out for house improvements and remodels with options for FHA or conforming refinancing. Borrowers can refinance from 90 to 100% loan to value when financing home improvements and renovation.
Our mortgage lenders provide several competitive no equity loans to help borrowers finance home improvement projects and real estate construction. We specialize in low rate mortgage refinancing with loans for all types of credit.
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Refinance & Get Cash for Improving your Home |
Home Remodeling Increases with New Cash Out Refinance Loans |
California mortgage lenders report that borrowers living on the West Coast spent an estimated $15 billion on home remodeling last year, which is near an all-time high, according to the National Association of Home Builders.
According to mortgage banker, Jeff Moran of CFB Loan Services, "Two things are leading the mortgage loan rebound for cash out refinancing in 2008. The number one force is the reduced interest rates for refinancing that the Federal Reserve has encouraged with five significant rate cuts. With interest rates dropping again and FHA introducing the cash out refinance loan to 95%, borrowers are able to qualify for a no equity refinance loan again.
The 2nd important factor is the confidence that most Americans have in the economy and real estate market fully recovering. The bottom line is that most homeowners have faith that home values will return to 2005 and 2006 levels in 2008 or 2009 at the latest.
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Refinancing Calculator
Analyze the benefits of refinancing. Get help calculating the monthly payment and discover the net interest savings. It will also calculate how many months it will take to get a return on investments for the mortgage loan costs.
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