Homes prices are shooting through the roof here in California, creating new opportunities for homeowners, both in getting mortgages to purchase a new home and to refinance. This is because lenders and banks are more willing to lend in an up market and the strict guidelines and standards imposed are finally loosening up.


With regards to refinancing, many homeowners haven’t been able to do so because they didn’t have equity in their home. The HARP loan created by the federal gov. was a nice solution, but it had several key restrictions. For example, if your current mortgage was originated (taken out) after June of 2009 or is not owned or backed by Fannie Mae or Freddie Mac, the HARP loan is not an option.

Bottom Line: With home prices going up, more homeowners have equity. And having equity opens up options for refinancing.

“Here in 2013, I am seeing more cash out and home equity applications. In today’s market it can make a lot of sense to tap into your home equity to purchase a rental property or make home improvements.”

Not sure what your home is worth? I am happy to check comps for you online in a matter of minutes.

Worried about an appraisal coming in low? Once you are pre-approved with me I  can often pay for your appraisal.


Contact me today to learn more:

Beau Hodson

Office: 619-888-3606

Cell: 949-230-9358

Beau Hodson

Beau Hodson

About the Author Since 2003, Beau has been a mortgage professional and is a leading mortgage broker and lender in San Diego. As Founder and Senior Mortgage Advisor at Transparent Mortgage, he is truly committed to serving the needs of his clients and raising industry standards for integrity and transparency.