refinance

Home Mortgage Refinance: What Are My Options?

Home Mortgage Refinance: What Are My Options?

By Aly Yale / November 2, 2022
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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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What Does a "Cash Out" Refinance Mean?

What Does a “Cash Out” Refinance Mean?

By Aly Yale / October 12, 2022
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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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Tapping the Equity in Your Home for Cash: When a Cash-Out Refinance Might Make Sense

Tapping the Equity in Your Home for Cash: When a Cash-Out Refinance Might Make Sense

By Tara Mastroeni / July 8, 2021
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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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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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5 Important Questions to Ask Yourself Before You Refinance Your Mortgage

5 Important Questions to Ask Yourself Before You Refinance Your Mortgage

By Tara Mastroeni / April 7, 2021
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Interest rates are still at historic lows, leaving many people considering refinancing their home loans. However, refinancing is not necessarily the right choice for everyone. With that in mind, we’ve brought you five questions to help you figure out whether…

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What Is a VA IRRRL and How Does it Work?

What Is a VA IRRRL and How Does It Work?

By Aly Yale / March 26, 2021
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With mortgage rates so low, many homeowners have chosen to refinance in the last year. Doing so can reduce not only the long-term costs of your loan but also your monthly payment too. If you have a VA loan, your…

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Considering a Refinance? 6 Ways to Prepare — and Help Your Chances

Considering a Refinance? 6 Ways to Prepare — and Help Your Chances

By Aly Yale / March 3, 2021
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It’s a great time to refinance. Mortgage rates are hovering around record lows, home prices are rising (hello, increased equity!), and just about all of us could use a lower payment and fewer costs these days. If you’re thinking of…

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4 Home Equity Mistakes That Some Homeowners Make

4 Home Equity Mistakes That Some Homeowners Make

By Tara Mastroeni / February 15, 2021
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As a homeowner, the equity that you’ve built up in your home is quite possibly your largest asset — so it’s important that you treat it carefully. To that end, we have listed below four home equity mistakes that some…

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Should I Refinance My HELOC into a Fixed-Rate Mortgage?

Should I Refinance My HELOC into a Fixed-Rate Mortgage?

By Aly Yale / January 18, 2021
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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

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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