Laurel & Jester
They tapped the equity in their home with a cash out refinance.
Laurel and Jester live in a beautiful home in San Francisco with their son, Blaise. Laurel bought the home in the early 2000’s and, since then, its value has appreciated considerably. After deciding to work as a consultant, Laurel became interested in doing a cash out refinance. Her new flexibility would allow her to tackle a few home improvement projects and the extra cash would also provide a financial buffer while her income was lumpier. The only problem? No one would give her the loan.
“Clara is reinventing getting a mortgage. Like Uber did for taxis or AirBnB for hotels. With their technology, everything is extremely transparent, you can see all your info, and you know exactly what’s going on.”
After reaching out to several different lenders, Laurel learned that since she was the only person on the home’s title, and a newly self-employed worker with no income history, they wouldn’t qualify her. Luckily, a broker who couldn’t help her recommended Clara.
“I’ve been a homeowner for 16 years. This was not my first refinance, but it was my best!”
One of Clara’s Loan Specialists with refinance expertise, Jack Grace, listened to Laurel and Jester’s story and helped guide her through the online portal. From there on, it was smooth sailing. Laurel and Jester got their cash, secured a great rate, and have satisfaction that they’re using their home’s equity in a way that makes the most sense for them. We’re so happy we could help!