Refinance

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

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

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

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

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