refinance

5 Important Questions to Ask Yourself Before You Refinance Your Mortgage

5 Important Questions to Ask Yourself Before You Refinance Your Mortgage

By Embrace Home Loans Staff / March 6, 2024
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While still on the lower end of the 30-year scale, interest rates have risen to about 6.8%, reaching levels significantly higher than 2021 when rates were as low as 2.96%. At the same time home prices have surged to all-time…

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6 Reasons to Do an Annual Mortgage Checkup in 2023

6 Reasons to Do an Annual Mortgage Checkup in 2023

By John Chiappetta / November 29, 2023
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Mortgage rates have been on the uptick in 2023, and home values are still rising, although not as quickly as they did in the past few years. This means that it’s more important than ever to make sure your mortgage…

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What Does It Mean to “Have Equity” in Your Home?

What Does It Mean to “Have Equity” in Your Home?

By Aly Yale / April 26, 2023
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If you’re a homeowner, then you’ve probably heard of home equity before — at least in some form or fashion. Whether your neighbor recently did a cash-out refinance or you’ve been told you can “take money out of your house”…

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What Does a "Cash-Out Refinance" Mean?

What Does a “Cash-Out Refinance” Mean?

By Aly Yale / April 12, 2023
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You’ve probably heard the term “cash-out refinance” before. Maybe your neighbor used one to pay for their new deck or your sister took one out to cover your nephew’s first year of college tuition. Whatever the reason, you know that…

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Home Mortgage Refinance: What Are My Options?

Home Mortgage Refinance: What Are My Options?

By Aly Yale / November 2, 2022
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What is the Meaning of Refinance? A home mortgage refinance is a move that essentially replaces your current mortgage loan with a new one. If interest rates have dropped below your current rate, you want to pay off your loan…

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What Is a Break-Even Point? (And Why You Need to Know Yours When You're Refinancing)

What Is a Refinance Break-Even Point? (and Why You Need to Know Yours)

By Embrace Home Loans Staff / May 21, 2021
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Interest rates have consistently been at historic lows throughout the coronavirus pandemic, and, as a result, many people have rushed to refinance their mortgages. However, the truth is, that refinancing right now doesn’t make financial sense for everyone. If you’re…

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What Is a VA IRRRL and How Does it Work?

What Is a VA IRRRL and How Does It Work?

By Aly Yale / March 26, 2021
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With mortgage rates so low, many homeowners have chosen to refinance in the last year. Doing so can reduce not only the long-term costs of your loan but also your monthly payment too. If you have a VA loan, your…

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Considering a Refinance? 6 Ways to Prepare — and Help Your Chances

Considering a Refinance? 6 Ways to Prepare — and Help Your Chances

By Aly Yale / March 3, 2021
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It’s a great time to refinance. Mortgage rates are hovering around record lows, home prices are rising (hello, increased equity!), and just about all of us could use a lower payment and fewer costs these days. If you’re thinking of…

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4 Home Equity Mistakes That Some Homeowners Make

4 Home Equity Mistakes That Some Homeowners Make

By Embrace Home Loans Staff / February 15, 2021
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As a homeowner, the equity that you’ve built up in your home is quite possibly your largest asset — so it’s important that you treat it carefully. To that end, we have listed below four home equity mistakes that some…

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Should I Refinance My HELOC into a Fixed-Rate Mortgage?

Should I Refinance My HELOC into a Fixed-Rate Mortgage?

By Aly Yale / January 18, 2021
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When you’re in need of cash, a home equity line of credit (HELOC) can seem pretty great. They come with low (often interest-only) payments for many years, you can use as much or as little as you like (similar to…

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