When Money Is Tight For Homeowners, These 3 Companies Might Be Able To Help
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Everyone faces hard times at some point in their lives. If you’re finding that money is a little tighter than usual as a homeowner, it can be stressful trying to figure out how to cover bills, make your money go further, and continue saving for the future.
Fortunately, there are multiple ways to bounce back and gain control of your finances again. Here are three companies that might be able to help you do it!
1. Use the Equity in Your Home to Get Your Hands on a Large Amount of Cash
Although money might be tight, you probably have a large amount of money tied up in your home. Did you know that you could use this equity to get a large amount of cash in hand with a cash-out refinance?
A cash-out refinance is the process of replacing your current mortgage one with a larger mortgage (ideally, one with a lower interest rate). The difference between the two mortgages represents the amount of cash you’ll have access to; and you could use this cash to pay off all of your debt, pay outstanding medical bills, fund your child’s education, or just about anything else you could imagine.
New American Funding is a company that makes checking your cash-out refinance rates easy. All you have to do is fill out a brief questionnaire — providing some basic information about your property and the amount of cash you need — and the company will show you your offer in less than two minutes.
You’ll need a credit score of at least 620 to get approved. Check your cash-out refinance rates from New American Funding in less than two minutes, and finally get your hands on the cash you need to get back on track.
2. Find Out How Much You Might Get For Your Home In 3 Minutes
If you’ve thought about of selling your home to cash in, why not find out right now how much you can get without needing to even put your home on the market with a real estate agent. Did you know there’s a way you could receive a cash offer within 24 hours without any broker, or any showings?
Offerpad could give you a competitive cash offer right now. All you need to do is fill in a 3-minute questionnaire. Just fill in some info and Offerpad will carefully evaluate your home with local market expertise.
If you choose to accept your offer, Offerpad will also provide you with free local moving to your next place. You can also pick your closing day, which could be in as little as 24 hours, or choose to extend your stay to live in your current home a little longer.
Find out what your home’s cash offer is in 3 minutes right now.
3. Use Your Home To Get A Lower Interest Loan
Being a homeowner has its perks. One of the more overlooked opportunities is the ability to get access to money that can be used for all sorts of purposes — fixing up your home, paying medical bills, or funding a family vacation! Basically whatever you want.
That’s exactly what you get with a home equity loan. A home equity loan is a lower-interest loan that uses the equity in your home as collateral.
LendingTree is an online marketplace that could help you get a large sum of cash against the equity in your home.
Plus, they make the process incredibly easy. Just answer a short questionnaire and in under 2 minutes they’ll show you multiple options and your potential interest rates.
Check your rates now with LendingTree and see how you can use your status as a homeowner to get the money you need!