Homeowners
Home Equity Loans & Cash-Out Refinancing
Equity is the largest asset most families own. Using it well is a math problem worth getting right.
Overview
How Terry approaches it.
There is more than one way to tap equity: a home equity loan or line of credit that leaves your first mortgage in place, or a cash-out refinance that replaces it. Which one is right depends on your current rate, how much you need, and how long you need it.
Terry runs both options side by side, including the payment and the total cost, so the decision is made on numbers instead of a sales pitch.
Terry WilliamsSenior Loan Advisor · NMLS #219863
Highlights
Home Equity & Cash-Out at a glance.
Keep your first mortgage
Home equity options that leave a low existing rate alone.
Cash-out refinance
One new loan when replacing the first mortgage makes sense.
Remodels and ADUs
Fund improvements that can add value to the property.
The math, side by side
Payment and total cost compared before you decide.
How It Runs
Six steps, with Terry in every one.
01Conversation & Strategy
Terry starts with your goals, timeline, income, assets and credit, and anything unusual about the scenario.
02Pre-Approval
Your documents are reviewed and verified up front, so your pre-approval holds up when it matters.
03Compare Programs
Loan programs and pricing are compared side by side, with the payment and the long-term cost shown for each.
04Application & Rate Lock
Once you are under contract or ready to refinance, the application is completed and your rate is locked.
05Underwriting & Appraisal
Terry works through conditions as they come up and keeps you and your real estate agent informed.
06Clear to Close
Final figures are reviewed with you before signing, then the loan funds and you get the keys.
Specialties
Other loans Terry focuses on.
First-Time Buyers
Low down payment options and a pre-approval you can actually shop with.
Learn more →VA Loans
A benefit veterans earned: no down payment options and no monthly mortgage insurance.
Learn more →