Compare Refinance Cash Out Options

Compare apples and oranges, well really, payments verses long term costs. We’re coming pretty close in the home financing industry.
And if you’re at all interested in using your home’s equity to access cash, then this comparison is for you.

HERE IS THE LINK: 
https://sf3.tomnx.com/landingpage/?token=3web27cJD
https://sf3.tomnx.com/landingpage/?token=3web27cJD

There are two common ways to get cash from your home—a Home Equity Line of Credit (HELOC) or a cash-out refinance.

In the current environment, many people want to keep the great interest rate they already have on their home loan, so they automatically choose a HELOC over a refinance. But wait—there’s a big difference that can make the benefits hard to compare at a glance. HELOCs have adjustable interest rates, whereas most home loans are fixed.

Take a look. If you’re interested in exploring your options more, please reach out. I’ll be happy to help.
Let's talk (949) 784- 9699 any day on your clock
Thank you for reading

C G
NMLS #324982
CMG Financial

C G Moves to CMG

                 I moved to CMG Financial for all the right reasons.

Experience Extraordinary! As a direct Fannie Mae and Freddie Mac Seller-Servicer, approved Ginnie Mae Issuer and with a near nationwide presence, CMG Financial is widely known for responsible lending practices, product innovation, consumer advocacy, and operational agility. The CMG Difference. At CMG Financial, we know that buying a home is one of the largest investments most Americans will make in a lifetime. Guided by integrity and driven by a passion for providing outstanding customer service, the company operates differently then most firms in the industry. We understand that no two households are the same and the needs of each household are as unique as a fingerprint. From the very first consultation to the closing of your loan, my team of skilled, passionate professionals and I are dedicated to delivering the right loans, for the right reasons, in a way that exceeds expectations. Comprehensive products, including Conventional, FHA, HARP, VA, and USDA Local, experienced and able to lead you from start to finish In-house underwriting Timely and efficient closings

Caroline C G Gerardo Barbeau | Loan Officer |  NMLS # 324982 CMG Financial Office: (949) 784-9699  | | Email:  |  But it didn't pan out as they promised

This email was sent as part of my effort to maintain our relationship and keep you well informed of market conditions. It could be interpreted as a commercial message. If you would like to stop receiving 
CMG Financial - 2512 Chabers Road Ste. 107, Tustin, CA 92780

© 2018 CMG Financial, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS ID #1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender with corporate office located at 3160 Crow Canyon Road, Suite 400, San Ramon, CA 94583 888-264-4663. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025; AK #AK1820; AZ #0903132; Colorado regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #15438; Illinois Residential Mortgage Licensee; Kansas Licensed Mortgage Company #MC.0001160; Massachusetts Mortgage Lender License #MC1820 and Mortgage Broker License #MC1820; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Bank ing and Insurance; Licensed Mortgage Banker – NYS Department of Financial Services; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000; Licensed by the Oregon Division of Financial Regulation #ML-3000; Rhode Island Licensed Lender #20142986LL; and Licensed by the Virginia State Corporation Commission #MC-5521. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia. Offer of credit is subject to credit approval. NMLS Consumer Access (www.nmlsconsumeraccess.org).

The Fed Did not Raise Interest Rates Today

Ten Year Yields
Yield Spreads
Mortgage Rates
News
Today Jay Powell did not raise rates!!

Meanwhile President Trump is not happy with the Fed

LOAN Limits Dollar Amounts Increase

FHFA, the regulator of Fannie and Freddie, announced today that the standard conforming loan limit will increase from 453,100 to 484,350 for 2019.  The new ceiling for High-cost area limits will be $726,525 (which is 150% of 484,350).  Fannie and Freddie will release the full report on high cost area loan limits that are in between the stand limit and the ceiling soon.  Both Fannie Mae and Freddie Mac are still government loans, but dollar increase is helpful in high cost areas

https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Maximum-Conforming-Loan-Limits-for-2019.aspx

The limits for Fannie and Freddie are typically based on acquisition date, meaning that we will likely be able to close at the new limits towards the latter part of December as long as we don’t sell the loans to them until after 1/1/2019.  We will announce the soonest closing dates for the new limits once our loan origination system vendor implements the changes and Fannie and Freddie give guidance on their automated underwriting engines.

We are still waiting on FHA to update their limits, so stay tuned for further updates.  I expect FHA to increase as well