4 Common Mortgage Refinancing Myths
Refinancing is a word thrown around in the mortgage world and can be a very useful tool for homeowners. But there are plenty of misconceptions about what a mortgage…
Refinancing and home equity
Start with the reason for borrowing, then compare refinance costs, the repayment term, and the differences between a HELOC and a home equity loan.
Start with your question
- Will a refinance recover its costs?4 Refinancing Mistakes to Avoid
- How are the fees being paid?Can I Refinance Without Closing Costs?
- A lump sum or a credit line?Home Equity Loan vs. HELOC
4 Reasons Why You Should Refinance NOW
Mortgage interest rates have been near record lows this year, and the latest forecasts have rates falling even lower in the coming year. Many homeowners have already…
4 Refinancing Mistakes to Avoid
Avoid comparing refinance rates in isolation. Check fees, remaining and proposed loan terms, payment break-even, cash-out plans, and credit changes.
Can I Refinance with Bad Credit?
Mortgage interest rates have tumbled in recent months, making refinancing more appealing than ever. As of the latest Mortgage Bankers Association survey, refinance…
Can I Refinance Without Closing Costs?
Mortgage refinance loans require fees and closing costs. Is there a way around those fees? Is it possible to refinance without paying closing costs? The answer is…
Can Refinancing Hurt My Credit Score?
Refinancing a mortgage can be incredibly helpful financially, whether for lowering monthly payments, shortening the loan term, or pulling out equity to pay off debt…
FHFA: Borrowers in Forbearance CAN Refinance
The onset of the COVID-19 crisis has forced millions of Americans into unemployment, resulting in over 4.1 million homeowners applying for mortgage forbearance. There…
Home Equity Loan vs. HELOC
Compare a lump-sum home equity loan, a HELOC, and cash-out refinancing. Check how each changes payments, fees, and the existing mortgage.
How Can I Qualify for a Home Equity Loan?
Whether you are remodeling your kitchen, consolidating several big debts, or paying for your child’s college tuition, a home equity loan can be one of the most…
How Often Can I Refinance?
You refinanced your home mortgage a few months ago, but interest rates have dropped dramatically since that time. Or perhaps you have had a financial emergency pop up…
How to Build Home Equity
While it is possible to get into homeownership with little upfront investment, there can be many benefits to building up equity in a property. Mortgage equity is the…
How To Consolidate Debt with a Refinance Loan
Americans have a lot of debt. As of mid-2019, U.S. borrowers owed a total of $1.4 trillion in student loans and another $1.07 trillion in consumer credit card debt.…
How to Get a Low Interest Rate on a HELOC
The amount of available home equity has recently hit all-time highs, meaning now is a great time to tap into your home’s value with a home equity line of credit…
How to Pay for Your Home Improvement Project
Whether its remodeling a kitchen or bathroom or building a new deck outside, most homeowners will eventually want to make changes to their homes. While these…
Is It Possible to Escape Refinance Closing Costs?
Mortgage interest rates are at record lows. According to mortgage guarantor Freddie Mac, the average rate on a 30-year fixed-rate mortgage has averaged under 3% for…
Should I Pay Off Student Loans with a Home Refinance?
In today’s unpredictable COVID-19 employment environment, many Americans are feeling an economic pinch. Those who have student loans received temporary relief with…
Should I Refinance into a 15-year Mortgage Now?
Mortgage interest rates are at all-time lows right now. It’s obviously a great time to refinance for lower rates and payments. Perhaps you are interested in paying…
Should I Roll My Student Loans into My Mortgage?
Americans owe more today in student loans than ever before and student debt is continuing to rise. As these borrowers start into their careers and become homeowners,…
The Ins and Outs of a Home Equity Line of Credit
Homeowners have a great source of funding available to them that others don’t: their house! If homeowners have a significant amount of equity in their home or…
What Does It Take to Refinance a Jumbo Loan?
Mortgage interest rates have dropped significantly in the past year and everyone wants to take advantage of the savings. Those who have jumbo loans – mortgages with…
What is the Best Way to Pay for Home Renovations?
With the housing market red hot these days thanks to low interest rates and limited inventory, many homebuyers are considering properties that need some work just to…
Will a HELOC Affect Your Credit Score?
With home prices soaring over the past few years, homeowner equity is at all time highs. It could be a great time to tap into some of that equity to pay off debts or…