cash out
Tapping the Equity in Your Home for Cash: When a Cash-Out Refinance Might Make Sense
If you own your own home, you may have heard that a cash-out refinance can be a solid option for big expenses. While this is true, not all large expenses are created equal. To that end, we have listed some…
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Should I Refinance My HELOC into a Fixed-Rate Mortgage?
When you’re in need of cash, a home equity line of credit (HELOC) can seem pretty great. They come with low (often interest-only) payments for many years, you can use as much or as little as you like (similar to…
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Debt Consolidation: Mortgage Refinance Options and FAQs About Refinancing to Consolidate Debt
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
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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What Does It Mean to “Have Equity” in Your House?
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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How the Debt Snowball Method Works
When it comes to credit card debt, over-extending oneself can happen to anyone. One reason many find themselves in a downward debt spiral is that in attempting to dig themselves out, they only make things worse. Do you pay the…
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When Is It Best to Refinance Your Mortgage?
Lives can change in a short amount of time. It’s possible the situation you are in today could be drastically different than the situation you found yourself in just five years ago. Maybe five years ago, you were fresh out…
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Everything You Need to Know About a Cash-Out Refinance
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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Prep for the Seasonal Shift: Your November Home To-Do List
Somehow, it’s already November and the holidays, winter, and even the New Year are almost upon us. Have you started prepping your home? With colder weather coming in — not to mention those in-laws and out-of-town guests — the time…
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5 Smart Ways to Use Cash-Out Refinance Money
Cash-out refinances are a great way to access money easily and quickly. The strategy essentially replaces your existing mortgage with a new loan — one that’s bigger, pays off your old one, and gives you cash based on the equity…
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