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What do you do if you need funds for investment, renovations, tuition, transportation, or any other reason? Do you get a credit card or is there something better? If you’re a homeowner, you may consider a home equity line of credit, or HELOC. In this week’s video, Jamie Cavanaugh explains what a HELOC is and who should consider getting one. As always, if you have any questions, give us a call!

How do you get the interest rate you want? There are many things that can help, like having good credit or using a broker like Amerifund to compare rates from different lenders, but something you may not know, is that if you’re targeting a specific rate, you may be able to get there by paying points on your loan. In this week’s episode, Amerifund President Jamie Cavanaugh explains what mortgage points are and how you might use them in your next home loan.

You’ve probably gotten letters in the mail saying that you’re already pre-qualified for a loan, but what does that really mean? How many others got that same letter? In this week’s video, Jamie Cavanaugh explains the difference between pre-qualification and pre-approval, and which one you should get if you’re serious about buying a home.

When you apply for a mortgage, you’ll likely need to provide copies of your tax returns to verify proof of income. But what if your tax returns don’t tell the whole story? For borrowers who are self-employed or in the entertainment industry, submitting tax returns may not be enough. In this video, Jamie Cavanaugh explains how Amerifund uses bank statement loans to help our borrowers get approved.

Over the past two years, we’ve seen some of the most unusual and least predictable economic conditions of our lifetimes, but now economists surveyed by the Wall Street Journal say there’s a 28% chance of a recession in the next 12 months, more than doubling the 13% chance this time last year. So what happens if a recession does hit? In this week’s video, Amerifund CEO Brad Rice explains the effects of a recession on the housing market, and what will happen if The Fed can’t keep things under control.

In a rising rate environment Amerifund is committed to making mortgage simple. In this week’s video, Amerifund President Jamie Cavanaugh explains how your loan officer can lock in a low interest rate for you so that you’ll still have time to go through the mortgage process without losing your great rate!