David Hochberg helps homeowners choose among refinances

Northbrook, Sept. 14, 2022 (GLOBE NEWSWIRE) — Northbrook, Illinois —

David Hochberg – Mortgage lender, based in Northbrook, Illinois, who helps meet the home financing needs of residents of Northbrook and surrounding areas, including Chicago, focuses on the needs of current homeowners looking to refinance their home to get equity money that has built up in their home or to get better rates. It also focuses on the needs of veterans who are looking for the best possible home financing rate for their particular situation.

David Hochberg says: “A real estate refinance means paying off the current real estate financing agreement and replacing it with a new one. There are a number of possible reasons for wanting to refinance a home. First of all, it allows you to have a lower interest rate for the home financing arrangement. It also allows you to trade on a shorter term. And for those who have variable rate real estate financing, they can have it changed to a fixed rate. And finally, you can take advantage of the equity you’ve already accumulated to get cash to fund a financial emergency, support a major purchase, or consolidate debt.

He reminds homeowners that there is some cost to go through the refinance process and it also requires a title search, appraisal and payment of application fees. This is why it is important to have the advice of a professional before deciding to go all the way. And among the various reasons for getting a refinance, getting a lower interest rate would be the best reason. So, it’s a good idea to get refinance when interest rates are low. But for those who want to take advantage of the accumulated equity in the home and turn it into cash, it is advisable to be very careful with this, as it could aggravate the owner’s personal finance problems. Those interested in learning more about David Hochberg and how he can help can check out his Twitter page.

David Hochberg also specializes in helping veterans get the home they need. A key option for home financing for veterans and service members and their surviving spouses is the US Department of Veterans Affairs (VA) home program. VA offers a home financing guarantee that gives those who qualify for the program an easier way to buy, build, maintain, renovate, or adapt a home for personal occupancy. Funding for these VA home programs comes from the private sector, but it is the VA that offers to secure the financing agreement to allow for a no-down payment agreement, lower interest rates, and the elimination of the need for credit. housing finance insurance.

Another possibility is the home finance program provided by the Federal Housing Administration (FHA). The FHA Home program is intended to help low-to-moderate income families who want to buy their own home. This particular home financing option is provided by the US federal government although the financing is provided by a bank or financial institution that has been approved by the FHA. The main advantage of using the FHA home financing program is the lower minimum down payment compared to the down payment required by traditional home financing providers. Additionally, those with relatively low credit scores may still have a chance of being approved.

David Hochberg is a radio talk show host at WGN Radio and he is the Vice President of Loans at Homeside Financial, which is a national financial services company that provides financing, refinancing and home purchase services. He believes in the importance of educating homeowners in Chicago and surrounding areas regarding the entire refinancing process.

Those interested in learning more about home financing, refinancing and other services offered by David Hochberg – Mortgage Lender can visit his website or contact him by phone or email. To know more about David Hochberg and his services, people can also read the latest news article about him.

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For more information about David Hochberg – Mortgage Lender, contact the company here:

David Hochberg – Mortgage Lender
David Hochberg
(855) 563-2843
dhochberg@gohomeside.com
3100 Dundee Road, Suite 906
Northbrook, Illinois 60062