refi

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: , , , |

5 Smart Ways to Use Cash-Out Refinance Money

Cash-out refinances are a great way to access money easily and quickly. The strategy essentially replaces your existing mortgage with a new loan — one that’s bigger, pays off your old one, and gives you cash based on the equity you have in the home. (If you’ve lived there a while, that could be [...]

By |2019-08-18T19:07:31-05:00October 29th, 2018|Categories: Financial, Refinance|Tags: , , , , , |

How Soon Can I Refinance After Buying a Home?

In "The Pros and Cons of Refinancing," we took a look at the benefits of refinancing and examined the potential costs. When it comes to determining the right time for that first refinance, here are the conditions to you’ll want to consider: Type of mortgage If you have an adjustable-rate mortgage with a 5, [...]

By |2019-10-10T09:27:00-05:00October 16th, 2018|Categories: Refinance|Tags: , , |

Managing Debt as a Small Business Owner — And an Easy Way to Consolidate it All

When you own a small business, it can be easy to let your debt get out of hand. Purchasing inventory, paying your employees, and stocking your office or facility with the necessary supplies can all get costly — and when cash flow is irregular, you’re often forced to put those charges on high-interest credit [...]

By |2019-09-19T13:33:26-05:00October 9th, 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 It Means to “Refinance” a Mortgage (Minus Confusing Industry Jargon)

You own a home, you have a mortgage and you know that, after some time, you’re supposed to consider refinancing that mortgage. At least that’s what friends and neighbors are doing. But what exactly does it mean to refinance? And why should you do it? You’d be hard-pressed to find a clear-cut answer to those [...]

By |2018-08-14T09:31:58-05:00August 14th, 2018|Categories: Refinance|Tags: , , |