Gulfport Homes Equity – Why and How
Gulfport Home Refinance – Cash In Hand
Whether you want money for home improvements, college or a vacation, you can use the equity in your home to provide the funds you need. Refinancing your mortgage is a wonderful way to get the cash in your hand to enable you to tackle projects you have been putting off.
There are two ways to turn the equity in your Gulfport home into usable cash. A home equity line of credit is one option that works well for many homeowners. A more traditional choice is a cash-out refinance of your existing first mortgage.
How Do You Know if You Have Equity?
Equity is the difference between the amount your home is worth and the amount you owe your mortgage company. It represents the portion of your home that you actually own. In order to figure the approximate amount of equity you have, you will need to know what your home is worth. The most accurate way to find the value of your home is to purchase a real estate appraisal. Other methods include researching property sales in your neighborhood or using the tax assessor’s value of your property.
Why Should You Get Cash From Your Home?
Many people, especially those who plan to sell their home in the future, get cash from their home to make improvements that will increase the value of their property. If you want to remodel your kitchen or finish your basement, you can use the proceeds from a cash-out refinance or a home equity line of credit to finance the project.
While home improvements are one of the most popular uses of equity, they are not the only reason homeowners refinance their mortgages. Because there are no restrictions on the use of the funds from your cash-out refinance, you can use it for any major purchase including college tuition, medical bills or unexpected expenses.
Check out our other articles on Gulfport Home Financing:
Say YES! To Lower Gulfport Home Mortgage Payments
How Your Credit Report Can Make It Or Break It For You
Testimonials
We contacted Amanda & Associates in December 2015 and was put in contact with Jordyn Favret. From day one, Jordyn was thorough and professional. She went above and beyond to deal with an extremely difficult seller even spending hours in the evening and on the weekends to close the deal on the property. Jordyn answered all of our questions and when she didn’t know the answer, she made the effort to investigate it and get back with us in a timely manner. She met with the rental manager and viewed …
Tami McGurk
Amanda and Associates helped me every step of the way through the difficult situation of selling my home. We had a difficult time in dealing with the lender and Amanda’s team made it much easier.
Dean Hoehn
After browsing through houses for a few weeks on Zillow, Trulia, Movado, etc. I was feeling so overwhelmed and then God sent an angel! Mary called me out of the blue and I didn’t know what to do but accept her assistance. I am so glad I did! She has made the hassle of house searching and buying such a memorable and enjoyable experience. Mary has been upfront with us about each house we’ve looked at, giving us the positives and negatives. Mary wasn’t just interested in selling us a house. S…
Steven and Sarah Stogner
“Amanda’s team really went above and beyond for me while trying to sell my house. I live out of state and Amanda was valuable in several aspects, even going as far as checking on the plumbing during the ice storm that struck south Mississippi this past winter. I’m very pleased with the service that was provided and I highly recommend them.”
Beverly Hill
I have worked with Amanda and her team on several transactions, both as a buyer and a seller. They are very proactive, accessible, and responsive. The team knows the market very well, and lays out a well thought out and deliberate strategy to close a deal in a timely manner.
Paige Jennings
Without a doubt, this has been the best home purchasing experience. I am so impress with everyone at Amanda & Associates. David Becher was exceptional! He contacted me on a regular basis and understood my goals. Finding the perfect cottage on the Gulf Coast has moved me one step closer to retiring in such a beautiful and fun area. Brittany Brackett is another person I want to acknowledge. She consistently communicated with me on the administrative paperwork. Because of her attention to detail, …
Myra Ancheta
“Amanda’s team helped us sell our house and they were fantastic! We had to move across the country and they were very prompt about finding a buyer and taking care of everything. Amanda has wonderful responsiveness and is very good about communicating all knowledge about selling a house. Highly recommend!!”
Andrea & Kyle Woodard
First off, let me say the pleasure was all ours. We appreciate the time McKinsey & her team took with us. She stayed on top of the situation and made things happen. It was our first time to use a Realtor and it was a pleasure with us. She answered questions immediately or found the answer for us in timely manner. We never felt pressured or uncomfortable. It was great doing business with her and the team and look forward to future business.
David & Summer Pipkins
“As a first time home buyer, I didn’t really know of what to expect. After meeting with Amanda and talking with her the first time, I felt comfortable enough to ask lots of questions and she was very patient with me. As we closed on our house today, I cannot be any happier that Amanda’s team is the one that helped me along the way. She has gone above and beyond my expectations. Thank you to your team for a great job!”
Sarah Russell
“The best decision I made was choosing Amanda Hendry and her team as my Realtor for my first time buying a home. They walked me through every step and worked with my mortgage loan officer and with the seller to make sure everything was in order and done in timely manner. My first time buying a home was a journey and not an easy one and Amanda went above and beyond to get me in the home of my dreams. She showed me probably every house on the market in the locations I was searching for several mon…
Jennifer BatesGulfport, MS