If you choose to tap into your home equity (for example, with a cash-out refinance), then you’ll likely think long and hard about how exactly you want to leverage those funds. Many homeowners choose to take cash out of their equity and invest it back into their financial future (therefore generating more wealth over the …
What Are The Common Ways People Use Their Home Equity? Read More »
Building equity in your home gives you more leverage and opportunity in the future. But if you do choose to tap into your home equity, then this is not a decision that you should take lightly, as it can greatly impact your finances. To better understand the benefits you can get out of your home …
Tapping Into Equity: Cash-Out Refi, HEL, & HELOC Read More »
If you’re looking to refinance your mortgage, you still need to qualify for the refinance the same way you had to get approved for the original loan. This means submitting an application with a mortgage advisor, going through the underwriting process, and closing on the refinance similar to how you closed on the home loan. …
What Does It Take To Qualify For A Home Refinance? Read More »
Owning a home can help you build long-term wealth and positively impact you and your family’s financial future. And when done correctly, refinancing can help you reap more benefits and get even more value out of homeownership. But just like purchasing a home, refinancing a home comes with certain risks or cons that you should …
What Are The Potential Downsides To Refinancing? Read More »
There are many reasons why you may want to renovate or update your home. Whether it’s for your own personal preference, with certain updates making your home more enjoyable for you or your family. Or perhaps you plan on selling in the future and want to attract plenty of eager buyers to property. Or you …
Do You HAVE To Renovate Your Home To Raise Your Property Value? Read More »
When homeowners look to reduce their monthly mortgage payment or plan to pay off a mortgage early, many turn to refinancing. While refinancing a mortgage does allow homeowners to take advantage of lower interest rates, not all borrowers are able to qualify for a mortgage refinance loan. If this is the case, a lesser-known option …
Jumbo mortgages are a great solution when you are purchasing a high-value home where the necessary financing exceeds the loan limits of conforming mortgages. In contrast to conforming mortgages that are often purchased by government agencies like Freddie Mac and Fannie Mae, jumbo loans are typically maintained directly by the lender and create a greater …
Homeowners looking to change their mortgage terms or reduce their interest rates often turn to home refinance loans. Unfortunately, many homeowners find that their homes have dropped in value or live in an area where home values are stagnant. This often means that the homeowner has lost value in their home, and they do not …
If you are looking to change your mortgage terms or lower your interest rate, you may consider a home refinance loan. This is a wonderful option for many. However, what if you live in an area where the property values have dropped? A traditional refinance loan requires a minimum of the existing home equity, and …
Do you owe more to your house than it’s worth? Having negative equity in your home can be disheartening. After all, you have worked so hard to have a place of your own, and then you feel like your payments aren’t even going anywhere. Oftentimes, people end up in these situations due to high-interest rates …
Looking to refinance for a lower interest rate on your mortgage? Here’s what you need to know. Key takeaways Refinancing your mortgage can lower your interest rate and monthly payments. Consider factors like your current interest rate and credit score when deciding whether to refinance. Lower rates mean bigger savings and more equity in …
How to Get a Lower Interest Rate on Your Mortgage Read More »
A lot of people struggle with getting their debt under control. It can be all too easy to rack up credit card debt before learning the best strategies for spending and saving your hard earned money. But even after you learn about these best practices, you may still be stuck with a mountain of debt …
Significant life changes that affect income can happen, and when they do, homeowners are hit hard. In addition to a slew of living expenses that must be paid — groceries, water, keeping the lights on, etc. — there is a big expense that is sometimes hard to maintain when a financial difficulty happens. A home …
There are several potential benefits to a home refinance. But all too often, a homeowner makes these common mistakes when refinancing their home. Read up on these mistakes now so you know what to avoid in the future. Key takeaways Protect your credit score by avoiding sudden changes. Get a second opinion when considering …
Top 6 Common Mistakes to Avoid When Refinancing Your Home Read More »
There are many potential benefits to refinancing your home. But there’s a good amount of strategy and preparation involved to getting the maximum benefits available. Here are some steps you can take to help you get the best deal possible on your refinance. Key takeaways Clearly define your goals and speak to a mortgage professional …
You may be unsure of what it means to build equity in your home. For a better understanding of what home equity is and how to use it to your advantage, check out the article below! Key takeaways Building equity in your home expands refinancing options in the future. Refinancing options can vary …
In the housing industry, there’s always a lot of talk about changing interest rates. But if you focus too much on the rates, you might miss out on the long-term value of homeownership. Rates change, housing prices go through highs and lows, and the markets will fluctuate. But the value of homeownership is more consistent. …
You may be wondering what it means to refinance, the benefits of refinancing, and what different refinancing options are out there. Check out this quick article to learn more! Key takeaways Refinancing replaces your current home loan with a new one for lower payments, interest rates, term, or equity access. Options include changing from ARM …
Refinancing Your Home Mortgage: The Basics & Benefits Read More »
Do you have an expensive home repair or remodel to complete? Or maybe it’s time to send one of the kids off to college. Whatever the reason for needing an influx of money, a home equity loan may be a good option for you to consider. Key Takeaways Understand what a home equity loan is …
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