Welcome to your Local Mortgage Report. My name is Lauren Hatmaker.
Do you already have a low-interest rate on your current home loan?
Are you thinking about buying your next house and turning your current home into a rental?
Home equity lines of credit, also known as HELOCs, are easy to get and based on equity that you have now.
They have convenient, low payments, and really low fees.
Recently, I had some past clients use home equity to prepare for their next home purchase.
They were ready to buy their dream home, and they didn’t want to sell their other house first.
They met with a local property manager about using their current home as a long-term rental.
Now, they’re ready to go shopping!
When you have information from someone you trust, you have the power to make the best decisions for your family.