Raman Gill - Enrich Mortgage Group

07/03/2024

If you are feeling overwhelmed with high-interest debt, one solution could be refinancing your mortgage. This will allow you to access equity from your home in a lump sum which can be used to pay down debt or make a large purchase / repair.

Reach out to discuss your options.

07/01/2024

The latest mortgage news: Variable-rate mortgages are making a comeback

06/23/2024

The Purchase Plus Improvements program helps qualified home buyers carry home improvement costs into their mortgage with as little as 5% down. It is ideal for borrowers who want to make improvements to their home immediately after taking possession.

If you found your dream home but it needs a little work, reach out today to see if Purchase Plus Improvements is right for you.

05/29/2024

Rather than purchasing an existing home, a construction loan allows you to borrow money to have your own home built for you. This allows you to construct your own home from the ground up.

Homebuilding loans differ from ordinary mortgages in terms of loan length and loan availability. Development loans are intended to be a short-term means for you to finance the construction of your new house, with funds released in stages. Mortgages, on the other hand, apply to existing properties, have longer durations, and have lower mortgage interest rates.

Quick Tips:
- Construction loans enable you to fund the construction of unique residences.
- You do not receive the entire mortgage amount straight front. Instead, four payments are made with each building milestone.
- Construction loan rates are often higher than regular loan rates.

For more information on construction loans, reach out now.

05/23/2024

A Cash Back Mortgage can be a great option, especially if you are buying your first home. Getting 3% cash back on the total mortgage amount can be a significant financial boost and provide much-needed breathing room after closing on the most expensive purchase most people make. The funds can help pay for things like closing costs, renovations, and moving costs.

Let's discuss whether a cash back mortgage fits your needs.

05/19/2024