Derrick has bene helping Denver area homebuyers and homeowners find the right mortgage for more than three decades. He is a mortgage banker with specialty in Fannie Mae, Freddie Mac, FHA and Jumbo residential loans. Derrick is particularly interested in offering cutting edge marketing/technology platforms to our business partners to help enhance their individual business.
Using your home equity to buy a car can be risky, but experts say it can pay off in some situations. Here's why.
If you're buying a used car from an individual seller and can't pay cash, a home equity loan may be a lower-cost option than a personal loan or taking a cash advance from your credit card.