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
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
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…Read More
What Is a Refinance Break-Even Point? (and Why You Need to Know Yours)
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
5 Important Questions to Ask Yourself Before You Refinance Your Mortgage
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…Read More
What Is a VA IRRRL and How Does It Work?
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…Read More
Considering a Refinance? 6 Ways to Prepare — and Help Your Chances
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…Read More
4 Home Equity Mistakes That Some Homeowners Make
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…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