refinance

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

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

By Tara Mastroeni / January 21, 2021
Posted in

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…

Read More
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
Posted in

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

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

By Aly Yale / November 21, 2020
Posted in , ,

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
Front door showing on a farmers porch

What Is an Appraisal Waiver?

By Aly Yale / September 30, 2020
Posted in ,

If you’re refinancing your mortgage loan, you might qualify for an appraisal waiver. This allows you to skip the appraisal process, as well as the fees that come with it. Appraisal waivers are only available on conventional loans, so if…

Read More
6 Mistakes Homeowners Make When Refinancing a Mortgage

6 Mistakes Homeowners Make When Refinancing a Mortgage

By Aly Yale / September 9, 2020
Posted in ,

It may seem like everyone is refinancing their mortgages these days — and it’s no wonder why. Historically low rates have been making headlines throughout the year. The chance to lower your monthly mortgage payment is probably appealing, and you…

Read More
model house floating above a hand

4 Reasons to Do an Annual Mortgage Checkup

By Aly Yale / January 2, 2020
Posted in ,

You get an annual physical. You see the dentist once or twice a year. You sit down with your accountant yearly, too. Shouldn’t you check in on your mortgage just as often? Your mortgage might clock in at hundreds of…

Read More
hands holding an iphone with dollar signs coming out of it

Refinance Options When You Have an FHA Loan

By Aly Yale / October 16, 2019
Posted in

There are dozens of reasons you might want to refinance your mortgage loan. For one, it could help you lower your interest rate, thus lowering your monthly payment (plus the total interest you pay over the course of your mortgage).…

Read More
Label: Is refinancing worth your money? Woman dreaming of saving money

Is Refinancing Your Mortgage Worth the Money?

By Aly Yale / September 26, 2019
Posted in , , ,

With mortgage rates at historic lows at the time of publication, many homeowners are wondering: is it time to refinance? Though a refinance has the potential to bring about some serious benefits (a lower payment, less interest paid, a quicker…

Read More
Illustrated heads: 6 Questions People Ask About Higher LOAN-TO-VALUE Refinance Programs

6 Questions People Ask about Higher Loan-to-Value Refinance Programs

By Jon Clark / September 7, 2019
Posted in

There are times when homeowners find themselves underwater on their mortgage, which means the balance of the mortgage is higher than the fair market value of their property. This became a big problem when the housing bubble burst over ten…

Read More
Woman in a graduating red cap and gown

9 College Scholarships with Quick and Easy Applications

By Aly Yale / August 7, 2019
Posted in ,

College is expensive. The average cost of public college is nearly $10,000 per year for in-state residents and more than twice that for out-of-state residents. Add that up over four years and you’ve got a pretty hefty sum of money…

Read More