Category - Finance

Get the Personal Loan You Need with EasyCapitalAccess.com

In today’s fast-paced world, financial needs can arise unexpectedly. Whether it’s an unforeseen expense, a medical emergency, or a dream you’ve been eager to chase, having access to quick and flexible financing is essential. That’s where EasyCapitalAccess.com steps in, offering simple and reliable personal loans tailored to fit your needs.

Why Choose EasyCapitalAccess.com for Your Personal Loan?

At EasyCapitalAccess.com, we believe that borrowing money should be hassle-free, transparent, and designed with the borrower in mind. Whether you’re consolidating debt, handling emergency expenses, or looking to make a significant purchase, a personal loan from EasyCapitalAccess.com can help you achieve your goals without the stress.

Here are a few key reasons why choosing EasyCapitalAccess.com for your personal loan is a smart decision:

1. Fast and Simple Application Process

Applying for a loan can often feel overwhelming, but not with EasyCapitalAccess.com. We’ve streamlined our application process so you can apply in just a few clicks. All you need to do is fill out a quick online form, and our system will guide you through the process from start to finish. No endless paperwork or confusing terms—just an easy and straightforward way to get the capital you need.

2. Quick Approvals and Fast Funding

At EasyCapitalAccess.com, we understand that time is of the essence when you need a personal loan. That’s why we’ve designed our system to offer quick approval decisions, often within minutes of your application. Once approved, you can expect funds to be deposited into your account swiftly, sometimes within as little as 24 hours. This means you can take care of urgent financial matters without delay.

3. Flexible Loan Terms

One size doesn’t fit all when it comes to personal loans. That’s why we offer a range of loan amounts and flexible repayment terms to suit your unique financial situation. Whether you need a small loan for short-term needs or a larger amount to spread out over time, EasyCapitalAccess.com gives you the power to choose what works best for you.

4. No Hidden Fees

Transparency is at the core of our service. When you take out a personal loan with EasyCapitalAccess.com, you’ll know exactly what to expect. We pride ourselves on offering loans with no hidden fees or surprises. You’ll have a clear understanding of your interest rates, payment schedules, and any associated costs right from the start.

5. Accessible to a Wide Range of Borrowers

Don’t let a less-than-perfect credit score hold you back. At EasyCapitalAccess.com, we believe in giving people access to the funds they need, regardless of their credit history. We evaluate applications based on a variety of factors, giving you a fair chance at approval even if you’ve faced challenges with credit in the past.

What Can You Use a Personal Loan For?

Personal loans from EasyCapitalAccess.com are versatile and can be used for a variety of financial needs. Some common uses for personal loans include:

  • Debt Consolidation: Simplify your finances by consolidating multiple debts into one easy monthly payment.
  • Home Renovations: Upgrade your living space with a loan designed to cover home improvement costs.
  • Medical Expenses: Handle unexpected medical bills or procedures without financial strain.
  • Emergency Costs: Address car repairs, emergency travel, or other unplanned expenses with confidence.
  • Major Purchases: Fund big-ticket items like furniture, appliances, or electronics without depleting your savings.

How to Apply for a Personal Loan at EasyCapitalAccess.com

Applying for a personal loan with EasyCapitalAccess.com is easy:

  1. Visit EasyCapitalAccess.com and fill out the simple online application.
  2. Provide the necessary information such as income details and loan amount.
  3. Receive your approval decision quickly, often within minutes.
  4. Access your funds, typically within 24 hours of approval.

Whether you need a small loan to cover short-term needs or a larger sum for a significant purchase, EasyCapitalAccess.com is here to provide the financial support you need, when you need it.

Conclusion

When life throws financial surprises your way, having a reliable source of funding is crucial. EasyCapitalAccess.com offers fast, flexible, and transparent personal loans that can help you manage your financial needs without the stress. With our easy application process, quick approvals, and flexible loan terms, you can take control of your finances and achieve your goals.

Visit EasyCapitalAccess.com today and take the first step toward securing the personal loan that’s right for you.

The Complete Guide to Refinancing Your Auto Loan

When managing your personal finances, finding ways to save money is always a priority. Refinancing your auto loan is an excellent way to reduce monthly payments, secure a lower interest rate, and save money overall. This guide will walk you through the benefits of refinancing, the steps involved, and essential tips to ensure you get the best deal.

Understanding Auto Loan Refinancing

Refinancing an auto loan involves taking out a new loan to replace your existing one, usually from a different lender, under new terms. The primary goals of refinancing are to lower the interest rate, reduce monthly payments, or shorten the loan term.

Benefits of Refinancing Your Auto Loan

  1. Lower Interest Rates: If your credit score has improved since you first took out the loan or if market interest rates have dropped, refinancing can help you secure a lower interest rate. This reduction can lead to significant savings over the life of the loan.
  2. Reduced Monthly Payments: By extending the loan term, you can lower your monthly payments, making it easier to manage your budget. However, be mindful that extending the loan term might increase the total interest paid over time.
  3. Shorten the Loan Term: If you are financially capable, refinancing to a shorter loan term can help you pay off your vehicle faster and save on interest payments.
  4. Improved Cash Flow: Lowering your monthly payments can free up cash for other financial needs or investment opportunities.
  5. Remove a Co-Signer: Refinancing allows you to remove a co-signer from the original loan, which can be beneficial if your creditworthiness has improved.

Steps to Refinance Your Auto Loan

  1. Evaluate Your Current Loan: Review the terms of your existing loan, including the interest rate, remaining balance, and loan term. This will help you understand what you want to achieve with refinancing.
  2. Check Your Credit Score: Your credit score plays a crucial role in determining the interest rate you qualify for. Obtain a copy of your credit report and check your score. If your credit has improved, you are likely to secure a better rate.
  3. Research Lenders: Shop around for lenders that offer auto loan refinancing. Compare interest rates, terms, and fees. Online lenders, credit unions, and traditional banks are all potential sources.
  4. Gather Necessary Documents: Prepare the required documentation, including proof of income, proof of residence, vehicle information, and details of your current loan.
  5. Apply for Refinancing: Submit applications to multiple lenders to compare offers. This can be done online, over the phone, or in person.
  6. Review and Choose the Best Offer: Carefully review the terms of each offer, paying attention to the interest rate, loan term, and any fees involved. Choose the offer that best meets your financial goals.
  7. Complete the Refinancing Process: Once you select a lender, complete the necessary paperwork to finalize the new loan. The new lender will typically pay off your existing loan directly.

Tips for a Successful Auto Loan Refinance

  • Improve Your Credit Score: If possible, work on improving your credit score before applying for refinancing. Paying down existing debts and making timely payments can boost your score.
  • Consider Loan Terms Carefully: While extending the loan term can lower your monthly payments, it may also increase the total interest paid. Balance your need for lower payments with the desire to minimize interest costs.
  • Watch Out for Fees: Be aware of any fees associated with refinancing, such as application fees, prepayment penalties on your current loan, and title transfer fees. Ensure the savings outweigh these costs.
  • Stay Informed: Keep an eye on market interest rates. Refinancing is most beneficial when rates are lower than your current loan rate.
  • Don’t Rush the Process: Take your time to research and compare lenders. A well-informed decision will yield the best financial outcome.

Conclusion

Refinancing your auto loan can be a smart financial move, offering the potential for lower interest rates, reduced monthly payments, and overall savings. By understanding the process and carefully evaluating your options, you can make a decision that enhances your financial health. Whether your goal is to save money, pay off your loan faster, or improve cash flow, refinancing offers a valuable opportunity to achieve your financial objectives.


By following these steps and tips, you’ll be well on your way to making an informed decision about refinancing your auto loan. Remember, the key is to stay informed and choose the option that best fits your financial goals. Happy refinancing!

Mastering Your Credit Journey: A Deep Dive into IdentityIQ’s Enhanced Credit Monitoring

Introduction: Embarking on the path to financial well-being requires a keen understanding of your credit landscape. In this in-depth exploration, we’ll dissect IdentityIQ’s latest offerings, featuring 3 Bureau Credit Reports & Scores refreshed every 60 days, Enhanced 3 Bureau Credit Report Monitoring, and the revolutionary ScoreCasterIQ. Join us as we uncover how these tools empower you with a comprehensive understanding of your credit health.

The Power of 3 Bureau Credit Reports & Scores

1.1 Unveiling the Triad of Credit Insights Dive into the significance of having access to credit reports and scores from all three major bureaus. Explore how this comprehensive approach provides a holistic view of your credit profile, allowing you to identify patterns and make informed financial decisions.

1.2 The 60-Day Refresh: Real-Time Credit Vigilance Discover the advantages of IdentityIQ’s 60-day credit report refresh cycle. We’ll explore how this frequency enhances your ability to monitor changes promptly, empowering you to address any discrepancies or potential issues swiftly.

Enhanced 3 Bureau Credit Report Monitoring

2.1 Proactive Monitoring: Guarding Your Financial Identity Explore the advanced features of Enhanced 3 Bureau Credit Report Monitoring. Understand how real-time alerts and notifications contribute to a proactive defense against identity theft and unauthorized credit activities.

2.2 Interactive Dashboards: Navigating Your Credit Story Take a closer look at the user interface, interactive dashboards, and visualization tools that make Enhanced 3 Bureau Credit Report Monitoring a user-friendly and insightful experience. Learn how to interpret key metrics and track your credit health over time.

ScoreCasterIQ – A Game-Changer in Credit Analysis

3.1 Introducing ScoreCasterIQ: Beyond the Credit Score Uncover the innovative features of IdentityIQ’s new product, ScoreCasterIQ. Delve into how this tool provides a detailed analysis of your credit report, offering insights beyond traditional credit scores.

3.2 Recommended Actions: Your Personalized Credit Roadmap Explore how ScoreCasterIQ goes beyond analysis, providing personalized recommendations and actionable insights. Learn how to leverage this tool to make strategic decisions that positively impact your credit score.

Navigating Subscription Plans

4.1 Understanding Subscription Tiers and Features Navigate through the various subscription plans offered by IdentityIQ. We’ll break down the features included in each plan, helping you select the one that aligns perfectly with your credit monitoring needs.

Conclusion: Empowering Your Credit Journey

As we conclude this exploration of IdentityIQ’s Enhanced Credit Monitoring, we invite you to seize control of your credit journey. Stay informed, stay vigilant, and use these powerful tools to build a solid financial foundation for a prosperous future.

Unlocking Financial Freedom: Understanding Credit Scores with CreditScoreIQ

Introduction

In today’s world, your credit score plays a pivotal role in shaping your financial journey. Whether you’re applying for a loan, seeking a new credit card, or even renting an apartment, your credit score is a critical factor that lenders and landlords use to assess your creditworthiness. To navigate the complex world of credit scores and improve your financial standing, CreditScoreIQ is a valuable resource that can help you decode the mysteries of credit scoring.

Understanding CreditScoreIQ

CreditScoreIQ (https://www.creditscoreiq.com/) is an online platform dedicated to providing users with the knowledge and tools they need to better manage their credit scores. With an easy-to-navigate interface and a wealth of educational resources, CreditScoreIQ empowers individuals to take control of their financial health.

Key Features of CreditScoreIQ

  1. Free Credit Score Check: One of the most significant advantages of CreditScoreIQ is its ability to provide users with a free credit score check. Knowing your current credit score is the first step towards improving it. The platform offers a straightforward process that allows you to access your credit score with ease.
  2. Credit Education: CreditScoreIQ understands that the world of credit scores can be complex and confusing. To demystify the process, they offer a plethora of educational resources, including articles, guides, and videos, to help you understand the factors that influence your credit score.
  3. Credit Monitoring: Regularly monitoring your credit report is crucial to identifying errors or fraudulent activities. CreditScoreIQ provides users with credit monitoring services, allowing you to stay informed about any changes to your credit report.
  4. Credit Improvement Tips: If your credit score needs improvement, CreditScoreIQ offers actionable tips and strategies to help you boost your score. These insights can be invaluable in your journey toward better financial stability.
  5. Credit Score Simulators: Ever wondered how certain financial decisions would impact your credit score? CreditScoreIQ’s credit score simulators allow you to experiment with different scenarios, providing you with a clearer picture of how your actions may affect your creditworthiness.
  6. Personalized Recommendations: CreditScoreIQ takes a personalized approach to credit management. By analyzing your credit profile, the platform offers tailored recommendations and advice to help you make informed financial decisions.

Why CreditScoreIQ Matters

Your credit score is more than just a number; it’s a reflection of your financial responsibility. A good credit score can open doors to better loan terms, lower interest rates, and improved financial opportunities. On the other hand, a poor credit score can limit your options and lead to higher costs.

CreditScoreIQ empowers individuals to take charge of their financial future by offering the tools and knowledge needed to build and maintain a healthy credit profile. Whether you’re looking to buy a home, start a business, or simply want to have greater control over your finances, CreditScoreIQ can be your trusted ally.

Conclusion

In a world where financial literacy is paramount, CreditScoreIQ stands as a beacon of light, guiding individuals towards financial success. By providing free credit score checks, educational resources, and personalized advice, CreditScoreIQ helps users not only understand their credit but also take concrete steps towards improving it. If you’re serious about securing your financial future and unlocking opportunities, CreditScoreIQ is the partner you need on your journey to financial freedom. Visit their website today (https://www.creditscoreiq.com/) to start your credit score journey.

Unlocking Financial Freedom with Reverse Mortgages: A Comprehensive Guide

Introduction

As retirement approaches, many seniors find themselves facing the challenge of maintaining a comfortable lifestyle with limited sources of income. Reverse mortgages have emerged as a valuable financial tool that enables homeowners aged 62 and older to tap into their home’s equity without selling or moving out. This innovative solution can provide financial security and flexibility, allowing retirees to enjoy their golden years to the fullest. In this article, we’ll delve into the intricacies of reverse mortgages, discussing their benefits, eligibility criteria, types, and considerations.

Understanding Reverse Mortgages

A reverse mortgage is a unique financial product that allows homeowners to convert a portion of their home’s equity into cash. Unlike traditional mortgages where borrowers make monthly payments to the lender, with a reverse mortgage, the lender makes payments to the homeowner. This payment structure is particularly beneficial for retirees who want to supplement their retirement income or cover unexpected expenses.

Eligibility Criteria

To qualify for a reverse mortgage, homeowners must meet certain eligibility criteria:

  1. Age: Homeowners must be at least 62 years old.
  2. Homeownership: The property must be the primary residence of the homeowner.
  3. Equity: There should be sufficient equity in the home to support the reverse mortgage loan.

Types of Reverse Mortgages

There are three main types of reverse mortgages:

  1. Single-Purpose Reverse Mortgage: These are offered by some state and local government agencies and nonprofit organizations. They are designed for specific purposes, such as home repairs or property taxes.
  2. Home Equity Conversion Mortgage (HECM): This is the most common type of reverse mortgage and is insured by the Federal Housing Administration (FHA). HECMs offer various payment options and can be used for any purpose.
  3. Proprietary Reverse Mortgage: These are private loans backed by the companies that develop them. They are often suitable for homeowners with high-value homes and can offer more flexibility in loan disbursement.

Benefits of Reverse Mortgages

  1. Supplemental Income: Seniors can receive regular payments from the lender, helping them cover living expenses and enjoy a comfortable retirement.
  2. No Monthly Payments: Unlike traditional mortgages, borrowers do not need to make monthly payments. The loan is repaid when the homeowner moves out of the property.
  3. Retain Ownership: Homeowners retain ownership of their property, allowing them to live in it as long as they wish.
  4. Flexible Payout Options: Borrowers can choose to receive funds as a lump sum, a line of credit, monthly payments, or a combination of these options.

Considerations and Cautions

While reverse mortgages offer significant benefits, it’s essential to consider potential drawbacks and costs:

  1. Accrued Interest: The interest on the loan accumulates over time, potentially reducing the equity left for heirs.
  2. Fees and Costs: Reverse mortgages come with various fees, including origination fees, closing costs, and servicing fees.
  3. Impact on Heirs: If heirs wish to keep the property, they must repay the loan balance. If not, the property may need to be sold to settle the debt.
  4. Home Maintenance: Borrowers are still responsible for property taxes, insurance, and maintenance.

Conclusion

Reverse mortgages can be a powerful financial tool for seniors seeking to enhance their quality of life during retirement. They offer a means to access home equity without the need to sell or move out of the property. However, careful consideration and consultation with financial advisors are crucial to ensure that a reverse mortgage aligns with individual financial goals and circumstances. By understanding the benefits, eligibility criteria, types, and potential drawbacks, homeowners can make informed decisions to secure their financial future while enjoying the comforts of home in their golden years.

Sell Your House Directly To Cash Offer USA Without Listing Fees & Open Houses.

Yes, it can really be that easy. Our goal at Cash Offer USA is to make this the easiest way to sell your house in. See if it’s a fit for you below and get your offer today!

Dear homeowner,

You must be here because you have a house or property you need to sell, but you aren’t too excited about the hassles and fees that are attached to a traditional sale with a real estate agent.

You may have even heard about those national tech companies now buying houses as well.

At Cash Offer USA, our “cash for your house” program fills the gaps that listing with a real estate agent and the tech giants don’t. We’re not real estate agents, we’re direct cash house buyers who buy several houses each month in the area.

We’re local. Unlike other “buyers,” we’re local. We know the area well and can offer an informed and fair price rather than an autogenerated number from a machine.

At Cash Offer USA, we are local, experienced home buyers who will give you a guaranteed offer on your house and close quickly.

Our offers are guaranteed. When we make an offer, that’s the price we’ll pay. We’ve heard horror stories from clients of other less experienced home buyers or the tech giants making an attractive offer only to reduce their offer days later after “inspection”. Or even worse, we’ve purchased houses from local house sellers after a tech giant or fly-by-night buyer backed out at the last second.


So Who Is Cash Offer USA?

Cash Offer USA is the  area’s most respected house buying service. We are a highly experienced home buying team that is focused on helping homeowners like you to sell your house fast, without any hassle, games, or fees, and we’re committed to delivering this service with transparency and integrity throughout the entire experience.

We buy houses all over the country, including and surrounding areas. We know the area, which means our home buying team can help you sell your house fast no matter where it is or what condition it’s in (and even if there are tenants).

Again, we’re not agents who are trying to sell your house to others. We are professional house buyers, which means we have our own cash and are ready to buy. We can even make you an offer on the spot. Once we make you an offer you can choose whether or not you want to take that offer (and you can even shop it around if you want, talk it over with others, and think about it before deciding). We have a strict no-pressure policy, and our many previous clients love it and are proof that it works.

Can I stop or avoid foreclosure by selling my house?

Yes, in many cases. When you sell your house it stops foreclosure and may help save your credit. Download our “How To Stop Foreclosure” free report for more information.

Call Us Now at (888) 830-1355 or fill out the quick form below to get started.

We’ll Make You An Offer Within 24 Hours.
You Decide If It’s A Fit or Not. It’s That Easy And Stress-Free

Fill out the quick form below to get an offer on your house TODAY!

Get An Offer Today, Sell In A Matter Of Days…

Companies that buy houses for cash in 2023

If you’re thinking about selling your house, you’re certainly not alone. But you don’t necessarily have to go through the trouble of finding an individual or a family to buy it. Instead, you can consider selling directly to a company that will pay in full, upfront — an all-cash deal.

Pros of using home-buying companies

There are different nuances to the way cash homebuyers operate, but they all generally have the same simple promise: There’s no need to wait for a buyer to secure financing. The business model comes with plenty of upsides for sellers:

  • No waiting: Selling a home this way is fast — in fact, with some companies that buy houses for cash, you can simply enter your address online and receive an instant offer within a few minutes. If you’re on a tight timeline, need to relocate as soon as possible or need the cash quickly, that kind of speed can be a big benefit. It basically eliminates the work of preparing to list, hosting open houses and waiting for offers to roll in.
  • No delicate negotiations on price or timeline: “You also know how much you’re going to sell for, and when you’ll sell,” says Jennifer Dohm, former vice president of brand communications at Offerpad, which buys houses for cash and allows sellers up to 90 days to close. “This empowers people who are looking to buy another home with the knowledge of what they’re working with for their next offer, or to make life decisions with a solid timeline of their choosing.”
  • No real estate commissions: With traditional real estate transactions, sellers foot the bill for their agent and the buyer’s agent, which typically takes 5 to 6 percent away from the final sale price. Most cash offers have no agent commissions involved. There can be other fees that add up to just as much, however, so it’s important to read the fine print.
  • No need to pay for work before listing: Many sellers invest extra money in their home before listing it for sale, in the hope of attracting a higher price. That might include small repairs, bigger upgrades or home staging to make the property look picture-perfect. When you sell your home to a company that pays in cash, there’s no need for that.
  • No worrying that the deal might fall through: If you’re selling to an individual, there are plenty of scenarios in which the sale might not actually happen. Perhaps they decide to back out after a home inspection uncovers an issue, or maybe a lender doesn’t approve their loan. If you receive an offer from a company that’s paying in cash, you can feel fairly confident that the deal will get done.

What types of companies buy houses for cash?

There are a few different kinds of companies that typically make cash offers on homes:

Find a trusted agent

What are you looking for in a real estate agent?

Company TypeWhat they offer
Fix-and-flip
House-flipping companies want to buy properties in bad shape, fix them up, and sell them for a profit. Often, these companies advertise that they buy houses “as-is.” If your property is in serious disrepair, this might be an attractive option.
Buy-and-hold
On the other hand, buy-and-hold companies focus on making the house a rental property. Rather than turning an immediate one-time profit by selling, the house becomes a steady stream of rental income.
Trade-in
These companies are designed to help you buy your new home before you actually sell the one you’re living in.
iBuyers
The “i” in iBuyer stands for an instant. You’ll likely enter your address online, and the company’s algorithm will generate an offer for your home within a few minutes. It’s meant to feel as easy as traditional e-commerce giants like Amazon.

Companies that buy houses for cash

Traditional cash buying companies

HomeVestors

HomeVestors — also known as the “We Buy Ugly Houses” company — was founded in 1996 and operates more than 1,100 franchises around the country. As the tagline implies, this company is happy to buy your house even if it doesn’t look list-ready. The “ugly” isn’t just about physical appearance, either: It buys properties with high-interest financing that isn’t working for homeowners; houses with bad memories due to divorce or death; and a range of characteristics that might make living there less than desirable for the current owner.

  • Fees: No closing costs are required for sellers (they’re paid by HomeVestors)
  • Locations served: 47 states, including New York and New Jersey

We Buy Houses

Founded in the late 1990s, this company is literally called We Buy Houses and has more than 200 independent real estate investing offices across the country. Rather than operating purely online, after you enter your address, a local representative comes to your home in person to assess its value and make a cash offer. Like other companies that pay cash for houses, it purchases homes as-is, so you won’t need to clean or make any repairs. In most cases, it says, you’ll receive an offer within 48 hours, with the sale finalized within one to two weeks.

  • Fees: No closing costs required for sellers (they’re paid by We Buy Houses)
  • Locations served: More than 30 states, including Florida

MarketPro Homebuyers

This regional company was established in 2012 and buys houses, condos and townhomes for cash in the mid-Atlantic area and Florida.

  • Fees: No closing costs required for sellers (they’re paid by MarketPro Homebuyers)
  • Locations served: Maryland, Pennsylvania, Virginia, Washington, D.C. and Florida

HomeGo

HomeGo buys a lot of homes for cash — one every 20 minutes, according to its website. If you really need cash fast, the company offers closings in as little as seven days.

  • Fees: No closing costs are required for sellers (they’re paid by HomeGo)
  • Locations served: 22 states, including Nevada and Missouri

I Buy Houses

I Buy Houses is a network of individuals and companies that want to buy homes for cash. The company acts as an intermediary, connecting homeowners who want to sell with interested members who might want to buy.

Fees: Sellers may need to pay closing costs, depending on the conditions of the sale

Locations served: All 50 states and Washington, D.C.

Sundae

Another network of individuals and investors — but with Sundae, you list your home on the company’s network, and it performs an in-person visit. Four days after a home inspection is completed, it presents multiple cash offers from multiple buyers for you to choose from.

  • Fees: No fees or closing costs for sellers (they’re paid by buyers)
  • Locations served: 11 metro areas across five states, including California and Texas

Flyhomes

Flyhomes is a brokerage — it helps customers buy a new home before selling the one they currently live in. In addition, what it provides is not really a true cash offer. The company has a mortgage lending operation, so you’ll have a short-term loan, plus the option for a long-term loan for your new mortgage once your old home sells.

  • Fees: Sellers pay closing costs, local taxes and several fees, including 2.5 to 3 percent to Flyhomes and another 2.5 to 3 percent for the buyer’s agent commission
  • Locations served: Six states, including Colorado and Washington

iBuyers and trade-in companies

Opendoor

Opendoor, which launched in 2014, aims to buy homes with valuations between $100,000 and $600,000. Enter your address and basic information about your home on the company’s website and, based on these details and comps in your area, its algorithm will generate a cash offer for your property within minutes. The company primarily operates in major metro areas, so it’s not a good option for homeowners in rural areas.

  • Fees: Sellers pay a service charge of up to 5 percent of the home’s sale price, plus closing costs
  • Locations served: More than 50 metro areas, including hotspots like Atlanta, Dallas–Fort Worth and Phoenix

Offerpad

Established in 2015, Offerpad is an iBuying company with two solutions for home sellers: Express and Flex. Express provides an offer within 24 hours and up to 90 days to move out; Dohm adds that the company includes a free move within 50 miles of your old home, too. If the cash offer isn’t as much as you’d like, you can opt to list your home through Flex and test the open market, keeping the cash offer as a backup.

  • Fees: Sellers pay a service fee (6 percent with Flex and 7 percent with Express) and closing costs (estimated at 1 percent)
  • Locations served: 16 states, including Arizona, Florida and Illinois

HomeLight

HomeLight’s Simple Sale offering values your home based on data from your neighborhood. You can get paid in just 10 days, and you have up to 30 days from closing to move out.

  • Fees: HomeLight doesn’t charge sellers fees or closing costs, but individual buyers may ask sellers to cover certain costs.
  • Locations served: Most of the country — enter your address online to see if your home is eligible.

Orchard

Orchard doesn’t really buy your home for cash, per se. Instead, its Move First program allows you to buy a new home, move in, and then sell your old property. Here’s how it works: You receive cash upfront, which can be used for a down payment or closing costs on a new home or for mortgage payments on your existing one. Then, Orchard takes care of sprucing up your old home and listing it after you find a new place to live. The idea is to help eliminate paying two mortgages at once or trying to buy a home while selling your old one.

  • Fees: Sellers pay a brokerage fee, which is typically around 6 percent of their home’s sale price, and a program fee of $1,500. Other traditional home sale expenses, like closing costs, also apply.
  • Locations served: Eight metro areas in five states, including Georgia and Texas

Knock

Similarly, Knock also allows you to buy a new home and then sell your old one. It’s not actually paying cash, though; the company underwrites a new loan for you. Known as Knock Home Swap, the service also offers homeowners a loan of up to $35,000 for home improvement to increase the sale of their existing home.

  • Fees: Sellers pay a 1.25 percent commitment fee when they purchase a new home through Knock Home Swap.
  • Locations served: 15 states, including California, North Carolina and Tennessee

How do companies that buy houses for cash work?

Each of these businesses has its own guidelines and regulations, but their processes tend to be fairly similar. As a seller, once you’ve decided that you’d like to sell your home for cash, you reach out to the company of your choice. After a quick inspection of your property, which may be entirely online or require an in-person visit, you’ll receive a cash offer within a day or two (in most cases). If you accept, there will be paperwork to sign (and potentially fees to pay). Then you can begin the closing process and receive payment, generally within a couple of weeks. It all goes much faster than a traditional, agent-assisted sale, but there’s a trade-off: You will likely make less money than you would on the traditional market.

Alternatives to companies that buy your house for cash

Companies that buy houses for cash aren’t the best fit for everyone. If you’re hoping to get the highest possible price for your property, it’s better to work with an experienced real estate agent and go through the traditional sale process. It might take longer than a fix-and-flip or iBuyer transaction, but you’ll benefit from an agent’s professional expertise and earn much more in profits.

You could also sell your home on your own, without the help of a real estate agent. These listings, known as “for sale by owner” or FSBO, are more time-consuming than cash or Realtor-managed sales, since you’re doing all the work yourself. That includes everything from pricing the property to preparing it for viewings to marketing it to gathering and negotiating offers. And you likely won’t make as much money as you would with an agent-assisted sale in the end.

Should you sell your house for cash?

It all depends on your priorities. A cash sale will move faster, but a traditional sale will fetch a higher price for your home. Ultimately, the answer comes down to two key factors: what kind of condition your house is in, and how long you can afford to wait. If your house needs serious repairs that you cannot afford to (or just don’t want to) take on, or if you need the money ASAP, companies that pay cash for houses are a good option. If the house is in good shape and you have time to spare, you are likely to make more money in a traditional sale, with a knowledgeable real estate agent on your side.

If you want to explore your options, you can always see what some cash buyers are willing to offer to get a sense of what you could earn in a speedier deal. Then, talk with a real estate agent to get a professional opinion on what they really believe your home could command on the open market. Do not sign a contract with an agent first, though; you may be bound to pay them a commission even if you opt to sell for quick cash. And keep in mind that cash offers may come with expiration dates.

Why Refinancing Might Be Your Best Option to Fund Home Improvements Right Now

The combination of widespread lockdowns, cabin fever, and super-low interest rates over the past year has made refinancing for a remodel a great option for many homeowners.

The summer of 2020 saw a 60% increase in remodeling inquiries on the popular site Houzz.com compared to 2019. For those interested in financing part or all of a remodel, a cash-out refinance is a solid option thanks to rates that — while higher than they were earlier this year — are still historically low.

Refinancing for Home Improvements: How it Works

Homeowners commonly use refinancing to snag a lower interest rate or to shorten the mortgage term (or do both, ideally). Both of these tactics, and especially when combined, can help to reduce the interest you pay over the loan’s life.

For some homeowners refinancing is a way to free up money by turning home equity into cash during the refinance process. This is called a cash-out refinance or cash-out refi.

A cash-out refi means taking a new loan to replace your original mortgage. If you take a new loan that’s larger than what you owe on the home, then you can pocket the remaining cash.

“If you have a $500,000 home and you owe $250,000 on it, you could do a cash-out refinance where you take $50,000 of equity out and turn that mortgage into a $300,000 mortgage. You now owe $300,000 on your $500,000 home, and the bank who gave you the mortgage pays you the difference,” says Arthur Knouse, Realtor at Keller Williams in Santa Fe, New Mexico.

Consider the Cost of Refinancing

While many homeowners can reap big savings on interest via a refinance, it’s important to note the process isn’t free.

“The thing to be aware of is the lender fees, title fees, and some other costs that come along. So you want to make sure that the amount of money you’re taking out makes sense with the associated costs,” says Knouse.

A new, more expensive mortgage is a big commitment, and some may feel wary of the idea of restructuring their current loan. While the cash-in-hand you’ll receive is important to consider, another prime concern is the new mortgage.

“One rule of thumb I have is that people should think twice about a refinance unless there’s a minimum of a point difference in the interest rate. If someone has a 4 percent interest rate, you should be able to get a 3 percent rate or lower,” says Curt Davis, founder of RealEstateWealthCoaching.com, a real estate investing firm.

The closing fees that come with refinancing are often substantial — 3 to 6 percent of the total loan amount. But that’s not necessarily a dealbreaker for cash-strapped homeowners who are looking for ways to refinance a badly needed home improvement project.

“If you have enough equity, sometimes you can roll the cost of refinancing into the new loan. So, in theory, you could do it with no money out of pocket. But it will add more to the loan,” says Davis.

Pros and Cons to Cash-Out Refinancing For Home Improvements

The purpose of your home improvement is the first thing to consider when looking into a cash-out refi. People decide to undergo home improvements for different reasons, says Dr. Jessica Lautz, VP of demographics and behavioral insights at the National Association of Realtors.

“One is to improve the home that they’re living in, such as upgrading worn-out furnishings or materials to improve liability and functionality within the home. The second is if there are also items within a home that a potential seller needs to fix up before putting the home on the market,” says Dr. Lautz.

Having a clear goal in mind is central to deciding if a cash-out refinance is right for you. Every bit of equity that you turn into cash must be paid back. Although it can be a helpful resource for home improvements, restructuring a mortgage can also work against you.

Advantages

  • Mortgage and refinance interest rates are still on the low end right now. If you signed on to your original mortgage when interest rates were higher, then you could get a cash-out refi with lower interest.
  • If the cash is for home improvements, it should increase your home equity. It’s helpful to research improvements that carry the widest appeal, so you can recoup the cost of your investment. This is especially true if you plan to sell.

“A kitchen upgrade or a full kitchen remodel actually only recoup about 50%,” says Dr. Lautz.

On the other hand: “New wood flooring recoups 106 percent. A hardwood flooring refinish recoups 100 percent. People really like those new floors. They look beautiful in photos. They look beautiful once you enter the home, and they are also something the homeowner can really enjoy, as well,” continues Dr. Lautz.

Disadvantages

  • The fees you pay when refinancing a mortgage are based on the entire loan, not just cash you’ll get back. So expect to pay thousands of dollars during the process. If the improvements you want are not expensive, then a cash-out refi might not be the right option, and you can find less expensive ways of financing the improvements.
  • Another concern is if you plan to sell soon. A cash-out refi means you’ll be taking a mortgage that is more than what you currently owe. You’ll also have to account for the fees. If you want to put the home on the market soon, make sure you have enough time to recoup these new expenses.

Refinancing Vs. HELOC Vs. Home Equity Loan For Home Improvements

A cash-out refi for home improvements works well when interest rates are low, and a substantial amount is needed for the improvements. If interest rates were high, you might want to keep your current mortgage and explore other options.

When you use a cash-out refinance, you get all of the money as a lump sum. If you don’t know exactly how much you’ll need for the improvements, then you might take too little or too much. If any of these issues describe your situation, other financing options exist for home improvements.

Home Equity Loan

Also known as a second mortgage, a home equity loan allows you to take a new loan against your home while keeping the first mortgage as is. This option is good for homeowners who want a large sum of money at one time but don’t want to alter the original mortgage. Keep in mind the interest rate here may be less favorable.

“With a second mortgage, the terms can vary, but the rate is typically higher than a first mortgage because your second mortgage is in second position. In the event of a foreclosure, the primary mortgage gets paid off first. If there wasn’t enough money to pay off both mortgages, the second mortgage might not be paid off. So that’s why you have the higher rate,” says Knouse.

HELOC

A home equity line of credit, or HELOC, is a revolving line of credit that’s secured by your home. To qualify for a HELOC, you’ll typically need to have at least 20% equity in your home.

“People will basically use it as a credit card to pay off bills and things like that. It’s a lot more flexible than a second mortgage, where you don’t have as many options,” says Knouse.

A HELOC allows you to only take the money you need, so this option could be good for homeowners with ongoing home improvement projects. This option also means you won’t have to change the current terms of your mortgage.

How to Choose the Best Option

If you’re looking to finance a home improvement right now, current interest rates make cash-out refinancing the most attractive option.

Not only can you pull equity out to pay for home improvement, but you may also lower your current interest rate at the same time. “Using the cash from a refinance to increase the value of your home is one of the best uses of that money,” says Davis.

Refinance mortgage rates are better than HELOC or home equity loan rates. “It’s probably the best interest rate you’re going to find. Especially right now, when interest rates are low historically. I think that’s the biggest plus side — you can borrow much more cheaply than through other means,” says Knouse.

Interest rates bottomed out in January. Since then, they’ve been on the rise. So if you’re going to refinance for home improvement, now’s the time.

Here’s how to do it:

Step 1: Click here or select how long you’ve lived in your home below

Step 2: Complete the form on the next page to immediately check your eligibility