cash out refinance

What Is a Break-Even Point? (And Why You Need to Know Yours When You're Refinancing)

What Is a Refinance Break-Even Point? (and Why You Need to Know Yours)

By Tara Mastroeni / May 21, 2021
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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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Debt Consolidation: Mortgage Refinance Options and FAQs About Refinancing to Consolidate Debt

Debt Consolidation: Mortgage Refinance Options and FAQs About Refinancing to Consolidate Debt

By Aly Yale / November 21, 2020
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Many homeowners refinance their mortgages to lower their interest rates or reduce their monthly payments. Others refinance in order to tap into the equity they’ve built and turn that equity into cash they can use. Another option that has been…

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3 reasons why now may be a good time to refinance your mortgage

3 Reasons Why Now May Be a Good Time to Refinance Your Mortgage

By Aly Yale / May 2, 2020
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There’s a lot going on in the economy, and while most of it isn’t good news, there is still a silver lining: Mortgage rates are historically low. For homeowners, that means refinancing is more attractive than ever, especially if financial…

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Older man with boxing gloves on

Questions to Consider Before Moving an Aging Parent into Your Home

By Aly Yale / February 20, 2019
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At some point in life, most adults consider moving mom, dad, or even both parents into their home. With the rising costs of elder and nursing home care, not to mention the guilt that often comes with putting a parent…

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Hands holding a pile of change

Everything You Need to Know About a Cash-Out Refinance

By Jon Clark / November 24, 2018
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A cash-out refinance is a way for you to pull money out of the equity you have in your house. This new mortgage replaces your existing mortgage with an amount that’s higher than what you presently owe. The difference between…

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Two people standing on rocks in the ocean

The Pros and Cons of Refinancing Your Mortgage

By Tim Coutis / September 26, 2018
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When interest rates were in a free-fall during the Great Recession, refinancing was a no-brainer. Now, with rates on the rise, deciding whether to refinance requires a bit more thought. This is not to say there aren’t still many good…

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chalkboard with math formulas on it

How Often Can You Refinance Your Home?

By Tim Coutis / September 17, 2018
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Refinancing your mortgage is a great way to consolidate debt or get cash to make home improvements. A homeowner in their early 50s could refinance to shorten the term of their mortgage. This could help them pay it off before…

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Little girl running through a field of daisy's

March into a New Mortgage Today

By Aly Yale / March 5, 2018
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Do you want fewer monthly expenses and more cash in your pockets? Then you might want to consider a mortgage refinance — and soon. If you’ve owned your home for a few years or more, you’re likely paying more than you…

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Coins stacked in front of a model house

What a Loan Refinance Means for Your Bank Account

By Aly Yale / January 2, 2018
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There are lots of benefits when you refinance loans—particularly in this time of historically low mortgage rates. By refinancing, you can take advantage of those low rates, lower your monthly mortgage payments, and leverage the equity in your home to put more…

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