If you need cash and you have equity in your home, you may automatically turn to the cash-out refinance. Did you know that this isn’t your only option, though? There are other ways you can get the cash you need that don’t involve refinancing your first mortgage.Compare Offers from Several Read more
Is it Smart to Use Home Equity Loan to Buy Another Home?
Today it can be difficult to secure money to buy a rental home. Lenders tightened their restrictions in order to avoid too many defaults. But that leaves many would-be investors without the properties they want to invest in to make them profitable.One way you can get around the tight mortgage Read more
Home Equity Loan vs HELOC: Pros and Cons
If you have equity in your home, you might be able to take some of the equity out of it. There are several ways to do this – refinance your first mortgage as a cash-out refinance; take out a home equity loan; and take out a home equity line of credit. The first mortgage refinance would leave you Read more
Good Reasons to Refinance a Home Equity Loan
Have you ever thought of refinancing your home equity loan? It’s not a common practice, but it can definitely have some benefits. Because your home equity loan might change over time, you may want to reevaluate your situation to see if you should consider refinancing your home equity Read more
Is a Cash-Out Refinance or Home Equity Loan a Better Choice?
You need money and you have it in the equity of your home. How do you get the equity out? Should you use a home equity line of credit as most people do? Did you know this is not the only option? There are other options available to you including the cash-out refinance and home equity loan. These Read more
