A Salute To Our Veterans!

Roger, copy, coming in!

The largest annual air show in The United States took place in San Diego over this last weekend, October 2nd-4th. Aircrafts were soaring high and low, audaciously performing for an estimated audience of 700,000 people!

A variety of different types aircrafts were exhibited as well as flown.

During the three-day event, the show’s daily performance agenda included military and civilian aircrafts, with the spotlight on the U.S. Navy Flight Demonstration Squadron, the Blue Angels, and a special Saturday night “Twilight” Show.

Since 1999, the Miramar Air Show has often featured a Navy Legacy Flight, where modern jets fly in formation with aircraft from previous eras in celebration of military veterans and naval aviation history.

That’s really what this whole event was about. Celebrating our veterans, the mean & women who sacrifice themselves for our Freedom.

Now that you’ve fought for our Freedom, we want to fight for yours. Your Financial Freedom.

At Global Equity Finance, we work with The U.S. Department of Veterans Affairs to ensure that when it comes to buying a home for our veterans and their family, they have the best possible option.

Our VA Loan Program has a multitude of never-ending benefits for our veterans. You can purchase a home with ZERO down payment, there’s NO monthly private mortgage insurance, you can take cash-out, and the list goes on and on.

These benefits are here to make purchasing a home easier and more accessible to those who have served our nation.

If you think you qualify for a VA Loan, you’re probably right.

Give Chris Logorz, one of our Veteran Senior Loan Consultants, a direct call (858)952-7795, to see what type of VA Loan we can get you started on.

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Credit Catastrophe? FHA Loans can be an Option

 

Less than perfect credit score? 

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Often times, individuals that have shot their credit have options that are few and far between. These people feel as if there’s no loan option available to them and wont even go as far as to even inquire. 

We can work with potential borrowers with credit as low as a 500 score. 

Even if you need to consolidate debt, pay student loans, or get started on home improvement projects, we can help you cash-out up to 85% of your home’s value!

Can’t afford the traditional 20% down payment? Easy, Peasy. FHA down payments are as low as 3.5%.

Most lenders won’t even look at you if you’ve had a recent bankruptcy, not at Global Equity Finance.

We can work with bankruptcies that are at least 2 years from discharge.

Foreclosure or Short Sales? Has it been 3 years? If, so we can work with this!

To Check out today’s updated rates on an FHA Loan, follow this Link: https://www.geqfinance.com/refinance.php

CALL NOW to get started on your FHA loan at (858)500-4638 or fill out an online contact form!

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Cash Out and Win Big

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Since we have been discussing when to refinance, we thought it might be helpful to talk about a cash out refinance and whether the consumer—you—should pursue a new home loan.

If you have done your research, you know that if you have a good amount of equity in your home it can be beneficial to you as a homeowner to do a cash out refinance because it allows you to turn that equity into cash money. If that sounds like something you’re interested in pursuing, read on.

So just what is a cash out refinance?

A cash out refinance involves taking out a new home loan that is higher than what you currently pay. The benefit of this is that whatever the difference is between the old loan and the new loan will be given to you in cash. So, say you have a home worth $400,000 that you currently owe $300,000 on.  If you decide to go with a cash out refinance, you could receive a portion of the $100,000 in home equity that you have in actual cash.  If you wanted to take out $20,000 in cash, that would then be added onto the principal of your new loan, so keep that in mind when deciding how much to take out.

When should I use a cash out refinance?

Cash out refinances are good for a number of situations. If you are in a bind with a large purchase or investment, interested in lowering your monthly debt payments, or other financing options are just too expensive then cash out is the perfect solution for you. There is no catch, you can use the cash for anything you’d like.

Interested in learning more about cash out refinances? Call us now at (858) 500-4638 or fill out an online contact form!

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When to Do a Cash Out Refinance

Whenever the subject of San Diego home loan refinancing is brought up, one of the most common questions asked is “what is a cash out refinance?” or “when should I do a cash out refinance?”

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Generally, if you’re asking about cash out refis, chances are pretty good that you’ve already got a pretty good amount of equity invested into your home and are interested in turning some of that into cash money.  If that sounds like something you’re interested in pursuing, read on.

So just what is a cash out refi?

A cash out refinance involves taking out a whole new home loan that’s even higher than what you actually owe on your current home loan and receiving the difference in cash.  So, say you have a home worth $400,000 that you currently owe $300,000 on.  If you decide to go with a cash out refi, you could receive a portion of the $100,000 in home equity that you have in actual cash.  If you wanted to take out $20,000 in cash, that would then be added onto the principal of your new loan, so keep that in mind when deciding how much to take out.

When should I use a cash out refi?

Cash out refis are good for a number of situations, including:

  • When you need the money for a large purchase or investment but are unable to acquire it through any other means
  • Debt consolidation and lowering your total monthly interest payments
  • If other financing options are too expensive than the rate offered by cash out refinancing

What can I use that cash money for?

Anything you want; it’s your money, after all.  Most people take the opportunity to pay off any high-interest credit card debts they may have.  This can be great for wiping out any large, outstanding debts they may have, freeing up their finances just a little bit more.

You can also use the extra cash as an investment or towards a major purchase.  Many people have used their equity monies for things like school loans, paying off emergency expenses, home improvement projects or even vacation time.

Interested in learning more about cash out refis?  We’ve got a team of people ready to answer any and all your questions!

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