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Home Equity Credit Lines: Not a Thing of the Past
Home equity lines of credit are not a thing of the past. In fact, with the government not extending the loan limits to $729,750 (at least for now) HELOCs may be a solution to bridge the gap.
Also, CPK Mortgage maintains its focus on "Socially Responsible Lending." Do you have extra pairs of shoes lying around the house? Consider donating them to Shoes for the Homeless. I recently became a board member of this amazing organization that donates lightly worn shoes to the homeless and those in need at no cost. Already, we have an amazing success story of a homeless man who was able to attain a job through an interview at which he wore a donated pair of shoes.
And as a recap from last week's post, owners in condo complexes often find it annoying to refinance because their HOA may charge numerous fees to complete bank-required documents. According to a California Association of Realtors report, to address this Governor Brown recently signed AB 771, “a bill that prevents homeowners in common interest developments (CIDs). . . from being charged excess document fees.” CPK Mortgage is proud to be a member of CAR: an organization that advocates for our clients’ best interests.