cash out refinance

Questions to Consider Before Moving an Aging Parent into Your Home

At some point in life, most adults consider moving mom, dad, or even both parents into their home. With the rising costs of elder and nursing home care, not to mention the guilt that often comes with putting a parent in a home, weighing this option is only natural for most sons and daughters. [...]

By |2019-09-19T14:21:30-05:00February 20th, 2019|Categories: Advice, Home|Tags: , , |

Everything You Need to Know About a Cash-Out Refinance

A cash-out refinance is a way for you to pull money out of the equity you have in your house. This new mortgage replaces your existing mortgage with an amount that's higher than what you presently owe. The difference between the two is cash that comes to you, minus closing costs. Many homeowners use [...]

By |2019-08-22T11:54:34-05:00November 24th, 2018|Categories: Refinance|Tags: , , , |

The Pros and Cons of Refinancing Your Mortgage

When interest rates were in a free-fall during the Great Recession, refinancing was a no-brainer. Now, with rates on the rise, deciding whether to refinance requires a bit more thought. This is not to say there aren’t still many good reasons to refinance your mortgage. You just want to be sure you’re clear about your [...]

By |2018-09-27T09:37:33-05:00September 26th, 2018|Categories: Refinance|Tags: , , |

How Often Can You Refinance Your Home?

Refinancing your mortgage is a great way to consolidate debt or get cash to make home improvements. A homeowner in their early 50s could refinance to shorten the term of their mortgage. This could help them pay it off before they retire to eliminate the monthly payment. A first-time homeowner might refinance to switch from [...]

By |2018-09-17T11:21:59-05:00September 17th, 2018|Categories: Refinance|Tags: , , , |

What a Loan Refinance Means for Your Bank Account

There are lots of benefits when you refinance loans---particularly in this time of historically low mortgage rates. By refinancing, you can take advantage of those low rates, lower your monthly mortgage payments, and leverage the equity in your home to put more cash in your pocket or away for a rainy day. Are you considering refinancing your [...]

By |2018-06-12T07:50:55-05:00January 2nd, 2018|Categories: Mortgage, Refinance|Tags: , , |