Lives can change in a short amount of time. It's possible the situation you are in today could be drastically different than the situation you found yourself in just five years ago. Maybe five years ago, you were fresh out of college, starting your career, single, and purchased your first home. Maybe today, you're married [...]
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 this [...]
Doesn’t it seem like the first step in accomplishing almost anything is always the hardest? That common paralysis happens to people all the time in a variety of circumstances, especially when decisions can be life-changing. One of those big events under the “life-changing” category? Buying or refinancing a home — something Embrace has a lot [...]
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 a [...]
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, [...]
Many homeowners refinance to get a lower interest rate or pay for home improvements, but did you also know you can refinance simply to change the terms of your loan? These types of refinances are primarily used to either shorten the length of the loan (from a 30-year mortgage to a 10-year one, for example) [...]
Rome wasn’t built in a day — and a small business? That’s much the same. It takes time, dedication, and the right resources to grow that little idea into a popular, profitable business, but it is possible. Are you treading water and unsure of how to take your business to new heights? Just don’t have [...]
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 [...]
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 [...]
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