There’s one thing most borrowers worry about when getting a new mortgage – the interest rate. So it’s no wonder people worry about the interest rate when taking a cash out refinance. The talk is that rates are higher with this type of loan; is it true?Compare Offers from Several Mortgage Read more
Should You Use Home Equity to Pay Off Debts?
If you are tired of getting nowhere with your high-interest credit card debt, you may have thought about tapping into your home’s equity. You have the room, so why not put that home equity to good use, right? Then you can finally get yourself out of debt.Looking for Current Mortgage Interest Read more
Is it Better to get a Home Equity Loan or Refinance?
Having equity in your home means you can tap into it if you should need it. How you tap into it depends on your situation. You generally have two options – a home equity loan or a cash-out refinance. They both have their pros and cons.Compare Offers from Several Mortgage Lenders.The option Read more
Should I Cash-Out My Equity to Invest?
Many homeowners are blind to the profit potential of owning a home. While for most, homeownership simply means having their properties sit idle while they pay off years worth of mortgage, others are taking the smart road and using the equity they built on the home to invest in other assets.In Read more
Fannie Mae Removes Cash-out Seasoning for Properties Listed for Sale
It’s not everyday that a home is sold in a month or less. Some properties remain unsold on the Multiple Listing Service (MLS) for six months. What if a homeowner has a change of heart and decides to do a cash-out refinance instead? What about the usual cash-out seasoning period?Existing Read more
