It isn’t much of a secret that home appreciation has quite dramatically increased over the past two years. With that increase, most homeowners have equity. Quite often, a common way to release part of that equity is a cash-out refinance, however not all homeowners are currently eligible. First off – what is it? A cash-out […]
I’m sure you’ve heard the famous saying “money doesn’t grow on trees”. Some homeowners unfortunately in this past year wish it did, when they couldn’t make their mortgage payments due to COVID-19. Then, they were relieved when they found out that their mortgage lender or service provider allowed them to temporarily pause or possibly even […]
Many times, it’s been said that more and more money has been lost due to indecisions than was ever lost due to making the wrong decision. In many cases, the larger the decision, more than likely procrastination is going to come into play and allow the act of doing nothing to simply cost something. When […]
Since May 2019, mortgage rates have been below 4 percent. With historically low-interest rates, you would think homeowners would take advantage and refinance to save money. However, a recent Lending Tree survey said that 49 percent of homeowners say they are considering a mortgage refinance in the next year. The report also estimated that over […]
Refinancing: there are three reasons to refinance. 1. Lowering the cost of your housing, 2. To shorten the term of your mortgage loan and pay it off quicker, or 3. To use the equity in your home for another purpose like paying off credit card debt or home renovations. In today’s market, you can replace […]
A legitimate way to fund a temporary cash crisis now or to have funds on-hand if the need arises is by taking cash out of the equity of your home. Most homeowners can pull out the difference in 80 percent of the fair market value of their home and what they currently owe on the […]
