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Cash Out Refinance: Unlock the Hidden Value in Your Home
Fresh Home Loan Inc. is your trusted partner in achieving your financial goals through smart mortgage solutions. If you’re looking to tap into your home’s equity, explore the benefits of a Cash Out Refinance, and claim your complimentary copy of The Cash Our Refinance Book look no further!
What is Cash Out Refinance?
Cash Out Refinance is a powerful financial tool that allows homeowners to access the equity they’ve built up in their homes by refinancing their existing mortgage. This means you can receive a lump sum of cash, which can be used for various purposes, including:
- Home Improvements: Renovate your home to increase its value or enhance your living space.
- Debt Consolidation: Pay off high-interest debts and streamline your finances.
- Investment: Invest in opportunities with higher returns or start a new venture.
- Education: Fund your or your child’s education without taking on high-interest student loans.
- Emergency Expenses: Cover unexpected medical bills or repairs.
Why Choose Fresh Home Loan Inc. for a Cash Out Refinance?
At Fresh Home Loan Inc., we work for you, the client, not the shareholders, or a company with a giant corporate infrastructure, like most loan officers in the world. Therefore, we have more options with less overlays to get in the way of getting you approved.
We understand that every financial decision is significant. Our team of experienced mortgage professionals is here to guide you through the Cash Out Refinance process, ensuring you make informed choices tailored to your unique circumstances.
Our Benefits:
- Expert Guidance: Our team has in-depth knowledge of the mortgage industry and is committed to helping you achieve your financial goals.
- Personalized Solutions: We work closely with you to create a customized Cash Out Refinance plan that aligns with your objectives.
- Competitive Rates: Access to a wide network of lenders ensures you get the most competitive interest rates.
- Hassle-Free Process: We handle the paperwork and negotiations, making the process as smooth as possible.
Claim Your Complimentary Copy of the Cash Out Refinance Book here: Download Your Free E-Book
Feel free to give us a call at 510.282.5456 or schedule an appointment:
Disclaimer: This e-book is for informational purposes only and should not be considered financial advice. Consult with a qualified mortgage professional to discuss your specific situation.
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Garrick Emiele Werdmuller von Elgg — known simply as Garrick Werdmuller — was born in San Jose, California. At age three, his family moved to Morgan Hill in search of a quieter life away from the growing bustle of the city. Some of his earliest memories include visits to the legendary Frontier Village amusement park. Garrick later graduated from Live Oak High School , already showing signs of the creativity and entrepreneurial energy that would define his career. Not long after high school, Garrick and a close group of friends launched a clothing company, all while he attended junior college, not sure which educational direction to take. The brand quickly gained traction, landing in boutique stores across Northern and Southern California. Although the venture was profitable, creative differences brought it to an early close — but the lessons (and fun) were invaluable! Still searching for a long-term path, Garrick decided to pursue a lifelong passion: cooking. He enrolled in the California Culinary Academy in San Francisco , excelled in the program, and earned a Sous Chef position as the top student in his class at The Hyatt Regency Embarcadero . His culinary journey included time at iconic San Francisco institutions such as The Westin St. Francis , Boulevard , and The Big 4 Restaurant at The Huntington Hotel. After 9/11, widespread event cancellations devastated the hotel and restaurant industry, and Garrick was laid off from the Hyatt as the newest member of the team. In that moment of transition, he shifted gears, earned his Real Estate Principles license, and entered the mortgage industry. “I was exhausted from late nights, weekends, holidays, and low pay. I saw friends from high school thriving as mortgage brokers and thought, ‘Why not me?’ I walked into their office… and never looked back.” That was 2002 . Since then, Garrick has built a respected reputation across the lending industry. He has served as an in-house lender for Prudential and BHHS Drysdale Properties , managed new-construction lending divisions, and run full retail branches for First Priority Financial and Caliber Home Loans . After earning his California Broker’s License, Garrick founded Fresh Home Loan Inc. in 2019 — an independent mortgage brokerage built on the belief that lenders should work for the people . “I wanted to make getting a home loan cool — not confusing, not intimidating, and not a frustrating process. I can’t say we’re perfect, but our clients’ and Realtors’ reviews tell us we’re doing things the right way and getting closer every day.” Today, Garrick and his team help California homeowners, buyers, and investors with everything from Zero-Down Programs and ITIN Loans to Investor Loans , Private Money , Fix-and-Flip , Reverse Mortgages , Equity Lines , Jumbo Loans , Self-Employed Loans , and more. He has built a highly trained, forward-thinking team and integrated state-of-the-art technology to deliver speed, transparency, competitive pricing, and a truly modern lending experience . Garrick has achieved many industry accolades including the Alameda Association of Realtors Affiliate of the Year, Nominated Best of Alameda, Alameda Magazine, Fastest Purchase Closer, United Wholesale Mortgage, 40 Under 40 most Influential Loan Officers of the Year – National Mortgage Professional Magazine among other industry accolades. He is a published author and has been published in Realtor magazine and National Mortgage professional magazine. When Garrick isn’t elevating the mortgage experience for his clients and partners, he enjoys spending time with his kids, hiking, jogging, kayaking, exploring nature, watching movies, reading and writing, cooking, and enjoying great food. He also is a published author and owns an underground record label and is signed to AWAL (Artists Without a Label) — a subsidiary of Sony Music Entertainment — continuing to fuel his lifelong creative drive.
Buying a home in California has never been more competitive, more dynamic, or more dependent on strong financing. Whether you’re a first-time homebuyer, moving up, or building wealth through real estate, the first and most important step is getting pre-approved . But not all pre-approvals are the same — and not all lenders approach the process with the same level of detail, transparency, or strategy. At Fresh Home Loan, we believe pre-approval isn’t just paperwork. It’s a blueprint for your financial future. Why Getting Pre-Approved Matters 1. You know your real numbers. Online calculators and quick quotes don’t tell the whole story. A real pre-approval evaluates income, credit, assets, property type, and guidelines across multiple lenders, giving you an accurate picture of payment and cash-to-close. 2. You make stronger offers. In competitive markets, sellers want certainty. A true pre-approval shows real estate agents and sellers that you are financially ready now — not “pre-qualified” in 60 seconds with a soft inquiry and guesses. 3. You avoid surprises. When you know your loan type, payment ranges, MI options, and total cash required, you shop with confidence — not stress. 4. You move faster. A strong pre-approval shortens closing timelines, reduces conditions, and helps you win in multiple-offer situations. Fresh Home Loan’s 5-Step Pre-Approval Process At Fresh Home Loan, we built our process around transparency, education, speed, and strategy — not pressure . STEP 1 — Strategy Call A short conversation to understand your goals, timeline, and the why behind your purchase. We want to know your story , not just your numbers. STEP 2 — Apply & Upload Documents You complete the loan application and securely upload income, asset, and identification documents through our technology platform. This allows us to begin the full underwriting review immediately. STEP 3 — Credit Report (Borrower-Paid) We run your tri-merge mortgage credit report , which is now an upfront, borrower-paid fee due to nationwide credit bureau cost increases. This report provides: Mortgage-specific credit scores Tradeline verification Fraud/OFAC checks Supplemental reporting required for underwriting This step ensures accuracy, prevents surprises, and allows us to deliver a true, fully vetted pre-approval . STEP 4 — Deep-Dive Loan Review We analyze your profile across multiple lenders — not just one. You see options for FHA, Conventional, Jumbo, ARM, Zero-Down, ITIN, Self-Employed, Investor/DSCR, and other programs. This is where we strategize your best path: Max qualifying Lower monthly payment Lower cash to close Buydown opportunities PMI vs. no-PMI structures Short-term vs. long-term planning Wealth-building strategy You’re not choosing a loan — you’re choosing the plan that works for your life. STEP 5 — Live Scenario Review We meet via phone or Zoom and go through your options line by line : ✔ Monthly payments ✔ APR ✔ Total cash to close ✔ Rate options ✔ Pros and cons of each program ✔ Short- and long-term strategies The goal is simple: Give you clarity, confidence, and control. Once everything is reviewed and verified, you receive your Fresh Home Loan Pre-Approval Letter : Fully underwritten Fast Accurate Respected by real estate agents Backed by verified numbers — not guesses We then coordinate with your agent so your offers stand out and move fast. Ready to take the next step? Reach out at 510-282-5456 or apply now: https://www.freshhomeloan.com/apply-now
Buying a home has never required more clarity, strategy, or preparation. Whether you’re a first-time buyer, move-up family, or investor, the most important first step is getting fully pre-approved — not pre-qualified, not estimated, not “soft-checked,” but truly underwritten. At Fresh Home Loan, we treat the pre-approval as a financial blueprint , not a quick form. And as part of that process, there has been an important industry change buyers should understand: 📌 Why Credit Report Fees Have Increased — And Why Borrowers Now Pay Up Front Over the last few years, the mortgage industry has seen a dramatic rise in the cost of pulling credit reports. These increases did NOT come from lenders or brokers — they came from the credit bureaus and data providers who supply the reports. Here’s what borrowers should know: 1. Credit bureaus have significantly raised their prices The “Big Three” — Equifax, Experian, and TransUnion — have increased fees multiple times since 2022. Some increases have been as high as 40%–400% , depending on the provider and data bundle required to issue a mortgage loan. 2. Mortgage credit reports are different from regular consumer reports These reports include: ✔ Tri-merge data ✔ Fraud alerts ✔ OFAC checks ✔ Supplemental records ✔ Credit score models specific to mortgages This makes them more expensive to produce. 3. Lenders and brokers were previously absorbing these costs But with the recent increases, most lenders — retail and wholesale — have moved to a borrower-paid credit report model to keep overall loan fees lower and maintain competitive pricing. 4. Borrowers now pay the fee upfront to start the pre-approval This prevents unnecessary multiple pulls, helps control costs, and ensures the pre-approval process is accurate and compliant. What this means for buyers The upfront credit fee is not a junk fee , and it is not charged by Fresh Home Loan. It is simply the cost of the mortgage credit report — a required part of getting truly pre-approved. It also protects buyers by ensuring: No lender “double-pulls” without permission Clean, accurate information from the start A stronger, more credible pre-approval Faster underwriting and faster closings We can shop different lenders to get the best options for each client You’re paying for the quality of the data that helps determine your loan eligibility, loan type, and rate options. Why Getting Pre-Approved Matters More Than Ever 1. You get real numbers — not guesses. An accurate credit pull lets us calculate actual payments, cash-to-close, MI, DTI ratios, and loan eligibility across multiple lenders. 2. You make stronger offers. A clean, verified credit report gives real estate agents confidence and strengthens your offer in competitive situations. 3. You avoid delays and surprises. Nothing derails escrow faster than discovering missing tradelines, old debts, new late payments, or incorrect credit estimates. 4. You get a strategic mortgage plan. Credit determines loan type, price, MI options, buydown opportunities, and even property eligibility. Pre-approval is not just a form — it’s a strategy session. The Good News: Your Mortgage Credit Report Works for You Even though mortgage credit reports have become more expensive, there’s good news for buyers: ✔ Your credit report is valid for 90 days This means one report supports your entire pre-approval and allows you to shop for homes, write offers, and compare loan options for three full months without pulling credit again. ✔ You can use the same report across multiple lenders Because Fresh Home Loan is a true independent mortgage broker , we can use your single credit pull to shop dozens of lenders on your behalf — saving you from unnecessary multiple inquiries. ✔ It protects your pre-approval strength A verified, mortgage-grade report makes your pre-approval stronger, cleaner, and more competitive when writing offers. Agents trust it. Sellers trust it. Underwriters trust it. ✔ It reduces surprises later Getting accurate credit up-front prevents mid-escrow issues, delays, or deal-killers. It ensures your strategy, payment, and cash-to-close are real — not estimates. ✔ It’s the foundation of your financial plan Your mortgage credit report directly influences: Interest rate PMI strategy Loan type Debt-to-income ratio Loan eligibility Long-term options like refinancing It is the key piece of data that allows us to build a clear, custom homebuying plan designed just for you. Bottom Line The credit report may cost more today — but it gives you: 90 days of buying power A stronger pre-approval A cleaner, faster closing One pull to shop dozens of lenders A real financial strategy, not guesswork It is the first step toward clarity, confidence, and homeownership. Ready to take the next step? Reach out at 510-282-5456 or apply now: https://www.freshhomeloan.com/apply-now
