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A preliminary mortgage approval is only as good as the company who issues it. Find out why today’s top real estate professionals place their trust in FDM every day to deliver results...Read More

It’s no secret that the key to generational wealth is proper management of your home’s equity. This comes in many different forms, such as refinancing to better your rate and term, OR, unlocking the potential of your home’s equity...Read More

First Time Home Buyers

Let’s Face it! Buying your first home can be challenging and confusing. But know that there is help. There are down payment assistance, loan programs, State/County tax breaks designed around First time Home buyers. Read More

Specialized Lending Solutions [Niche Products]

Sometimes, “off-the-rack” might not fit you. Depending on your specific needs, a specialized mortgage may prove to be the vehicle needed to get you home. Read More

"The WONDER LOAN"

The Link Loan Program was created to help a large percentage of population that have had credit or other challenges that do not fit in Agency Guidelines AND they do not have access to 30 percent or more of purchase price...Read More

The Best of Times!

September 08, 2025

If you are looking to buy your new home, this is the “Best of Times.” Prices continue to soften as buyer demand wanes: A slump in buyers’ interest is prompting sellers, especially in the South and West, to lower listing prices, accept lower than listing price offers, offer incentives, or even pull listings entirely. Currently, active listings have risen for the 21st consecutive month, while home sales are at their lowest level in three decades. Increased inventory creates more opportunities for buyers. Mortgage rates continue to improve, offering relief to buyers concerned about affordability: As of September 8, 2025, mortgage rates have dropped to new lows across multiple loan types, providing some breathing room for buyers and homeowners. While affordability challenges persist, lower rates and rising inventory are shifting market conditions towards a buyer’s market. We expect mortgage rates to continue to improve in the 4Q25 through the 1Q26 offering the opportunity for current homeowners to benefit by refinancing their current mortgage to a lower rate. The current affordability concerns contributing to the sluggish housing market have some officials considering a national housing emergency to address systemic inventory shortfalls.

A Cash Out Solution!

A cash-out refinance can be a powerful financial tool for homeowners looking to unlock the equity in their property. Unlike a traditional refinance, which simply replaces an old loan with a new one (often at a lower interest rate), a cash-out refinance allows the borrower to take out a larger loan and receive the difference in cash. This money can then be used for a wide variety of purposes, giving homeowners both flexibility and financial leverage. One of the biggest benefits is the ability to access funds at an interest rate that is typically much lower than credit cards or personal loans. Homeowners often use the cash to consolidate high-interest debt, which can lower their monthly payments and free up cash flow. It can also be a smart way to fund home improvements or renovations that may increase the property’s long-term value. A cash-out refinance lets you borrow against your own asset at a cost-effective rate. Another advantage is the potential for tax benefits. While the rules vary depending on how the funds are used, interest on mortgage debt may be deductible if the money is applied to “substantial improvements” of the home. In addition, for those looking to invest in real estate, education, or even starting a business, tapping into home equity provides a lump sum of capital without the need for separate financing.

Of course, a cash-out refinance also resets the terms of the mortgage, which can allow borrowers to secure a lower interest rate or extend their repayment period. This can make monthly payments more manageable while still providing access to cash. When used strategically, it’s not just about borrowing money, it’s about using home equity as a tool to strengthen financial stability and achieve bigger goals.