Just because you’re saving up to buy a house doesn’t mean you have to scrimp and penny-pinch at every turn. Even more importantly? It doesn’t mean skipping that much-needed summer vacation either. If you’re looking to buy a house but still need a little R&R this season, there are plenty of ways to travel on [...]
With mortgage rates dropping in the first quarter of the year, the number of homeowners refinancing has steadily climbed. And it’s no wonder why. Refinancing your mortgage can come with serious benefits. From lower interest rates and reduced monthly payments to faster repayment periods and access to quick cash, the advantages are many if the [...]
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" for renovations or expenses, it all comes down to home equity — and how much [...]
When it comes to credit card debt, over-extending oneself can happen to anyone. One reason many find themselves in a downward debt spiral is that in attempting to dig themselves out, they only make things worse. Do you pay the minimum balance month after month, convinced you'll catch up "eventually"? Are you transferring credit card [...]
There’s no doubt about it: a home isn’t the easiest thing to come into. Do you sell it and cash in right away? Do you move in? Do you wait around for the market to improve and its value to rise? There are lots of options when you’ve inherited a home — and it’s certainly [...]
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 [...]
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