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”…Read More
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…Read More
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…Read More
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…Read More
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…Read More
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…Read More
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…Read More
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…Read More
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…Read More
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…Read More