Student loans, personal loans, auto loans, credit cards. These debts easily eat at your monthly income and the actual repayment of these debts is another matter to keep track of. Against this backdrop, a cash-out refinance presents a singular solution to help end a multiple-debt scenario. You Read more
HEL, HELOC or Cash-out Refinance – Which Is for You?
There are many ways to tap your home’s equity and convert it into cash. And these three loan options - HEL for home equity loan, HELOC for home equity line of credit, and cash-out refinance - help you reach that goal. Each option is not a one-size-fits-all method as it conjures scenarios that could Read more
Here’s What’s Coming Your Way When You Refinance
For those who have not refinanced yet, it can be confusing and complicated. However, refinancing is a good way to help homeowners afford their mortgages better. When one chooses to refinance, the ultimate goal is to save more money.To put it simply, you replace your current mortgage with a new Read more
Senior Home Equity for Q1 at Record-High
The RiskSpan Reverse Mortgage Market Index which measures held equity by older homeowners on a quarterly basis reported an all-time high increase of 227.07 in the first quarter of 2017. Since the index’s establishment in 2000, the current Q1 report marks a new record in its charts. The Read more
Be Careful When Choosing to Tap on Equity
Building your home equity is good. The more you pay against your mortgage, the higher the home equity gets. Once you have grown it high enough, you will be able to tap on equity.The economy is on a steady rise towards recovery. And when the market is doing good, you also expect your property’s Read more
