Mortgage Refinance Tips and Tricks
What Does It Mean to “Have Equity” in Your Home?
If you’re a homeowner, then you’ve probably heard of home equity before — at least in some form or fashion. Whether your neighbor recently did a cash-out refinance or you’ve been told you can “take money out of your house”…
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What Does a “Cash-Out Refinance” Mean?
You’ve probably heard the term “cash-out refinance” before. Maybe your neighbor used one to pay for their new deck or your sister took one out to cover your nephew’s first year of college tuition. Whatever the reason, you know that…
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How Often Can You Refinance Your Home?
Many homeowners wonder, “How often can you refinance your mortgage?” If you’ve refinanced before, you may be one of them. The good news is you can absolutely refinance your mortgage more than once. However, there are some considerations before you…
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Refinancing with a VA Loan — The Pros
Veterans Day serves as a special reminder to express gratitude to all military personnel, past and present. There are over 16 million veterans who have served in at least one war. These are grandparents, parents, children, friends, and neighbors who…
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Home Mortgage Refinance: What Are My Options?
What is the Meaning of Refinance? A home mortgage refinance is a move that essentially replaces your current mortgage loan with a new one. If interest rates have dropped below your current rate, you want to pay off your loan…
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Refinancing Your Home Equity Loans — Consider Refinancing into a First Mortgage
The current real estate market conditions not only affect buying and selling, but it can even be a challenge for non-sellers. And here’s why. The non-sellers we’re talking about are homeowners who took advantage of a low interest rate environment…
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Does Refinancing Hurt Your Credit?
These days, interest rates are historically low and homeowners are thinking of refinancing their mortgages. However, a big question on people’s minds as they look to refinance is “does refinancing hurt your credit?”. To that end, we’ve set out to…
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3 Times When Refinancing Doesn’t Make Sense (And 3 Times When It Does)
Believe it or not, refinancing is not always a smart financial decision. In order to help you get a better idea of whether or not refinancing makes sense for you, we’ve laid out some scenarios for you below. Keep reading…
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Do You Need an Appraisal When Refinancing?: A Homeowner’s Guide
Refinancing your home can be a great way to save money on your monthly mortgage payment. That said, refinancing does come with some requirements. One of those requirements may be an appraisal. To that end, we’ve tried to answer the…
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What Is a Refinance Break-Even Point? (and Why You Need to Know Yours)
Interest rates have consistently been at historic lows throughout the coronavirus pandemic, and, as a result, many people have rushed to refinance their mortgages. However, the truth is, that refinancing right now doesn’t make financial sense for everyone. If you’re…
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