Search results for “Refinance”
Can a Cash-Out Refinance Help with Major Expenses?
A cash-out refinance is a method for you to tap into your home equity. You’ll refinance your existing mortgage into a new one for a larger amount and pocket the difference, minus closing costs. But, r...
The 5 Most Important Reasons to Refinance Your Mortgage Loan
While each homeowner has their own reasons for refinancing, the ultimate goal is to keep money in your pocket. So, if you find yourself weighing your options, here are five key reasons to refinance yo...
Mortgage Rates On the Rise Read This Before You Refinance
What is a Good Mortgage Rate? The answer to that question can vary depending upon everything from your personal financial situation to current housing market conditions. Of course, the adage, “the low...
Comparing the Home Equity Line of Credit (HELOC) & Cash-Out Refinance
Start with Your Home’s Equity Simply put, home equity is the market value of your home. The amount of equity you’ve built throughout the repayment period of your loan is determined by taking the appra...
1. Reduce Your Interest Rate When rates drop, you could reduce your monthly mortgage payment. For example, on a $200,000 mortgage with an original interest rate of 5.5%, refinancing to a 30-year fixed...
Can You Refinance a VA Loan? Yes. VA-backed loan products are available for refinancing. These loans can offer quicker turnarounds because they are not dependent on the open appraisal market. They are...
Cash Out Refinancing in 2022: The Definitive Guide
How a Cash-Out Refinance Works A cash-out refinance is a type of loan where a borrower “cashes in” their home equity for cash in hand. How does it work? When you take out a mortgage to buy your home, ...
7 Misconceptions About a Mortgage Refinance
1. Waiting for rates to drop Waiting for mortgage rates to drop can be a gamble, because there’s no guarantee rates will go lower. Refinancing is a smart choice when it makes sense for you, your situa...
If you’ve built up enough equity in your home, it may be a good idea to go through with a cash-out home refinance. Here are 5 reasons why you might want to. 1. You can use the cash you get for major e...