For three years I dithered about refinancing my mortgage. I meant to check into and get around to it, but it never quite happened. One day, when I logged onto a free consumer credit site, a popup suggested that I talk to someone about refinancing my loan. On a whim, I checked “yes” in the box, and soon I received a follow up about refinancing. Read More
Refinancing your mortgage could save you hundreds of dollars each month in housing expenses. Plus a better mortgage deal could mean paying thousands less in interest over the life of your loan. Read More
At some point in your financial life, you may want to leverage your home equity to improve your financial position. You might get a home equity loan, which gives you a specific amount of cash; or sign up for a home equity line of credit (HELOC), which provides ready access to cash as needed. Read More
Refinance loans with “no closing costs” may sound like a really great deal at first. I mean, who wouldn’t want a deal with no costs? The truth is, when it comes to refinancing your mortgage, the ‘no closing cost’ deal may become far less appealing when you learn how those fees are replaced with a higher mortgage rate and payment. Read More
If you need cash for a good reason and have built up equity in your home, you might consider tapping into that treasure chest of savings that’s hiding under the roof over your head. Cash-out refinancing can allow you to take out a new mortgage for more than your present mortgage balance, pay off your existing mortgage and obtain cash for the difference. Read More
If you would like to get a fixed amount of cash for some of the equity in your house, a home equity loan is an option worth considering. A home equity loan, sometimes known as a second mortgage, is a loan you take in addition your original mortgage that provides cash for some of the equity you have built up. Home equity loans are usually issued for a fixed amount for a fixed term at a fixed interest rate.