Homeowners look to cash-out refinancing to turn some of their home equity into cash. It works by refinancing your mortgage at a higher amount. The new loan pays off your old loan, and that extra money (from refinancing at a higher amount) is distributed as cash to be used however you'd like.
An FHA streamline refinance is considered as one of the quickest and easiest loan programs out there. Borrowers aren’t required to verify income and assets. Learn how this program works and how to become eligible!
The VA Streamline (IRRRL) offers monthly and long-term benefits for veterans. So if your goal is to remain in your current home with a lower monthly mortgage payment or a shorter loan term, it’s time to consider a VA IRRRL. Know the requirements, and learn if this is the right option for your mortgage.
Close to retirement? Curious if there are any last-minute strategies that can help you save more money? Start by evaluating your debt. If you're a homeowner, you may find value in one of the many benefits of a mortgage refinance. Here's what you need to know.
Closing costs to refinance a mortgage can vary by lender, loan program, and even third-parties you work with. So, it’s important to know which refinance fees you have control over. In this article, we break down what you can expect, including tips on fees that can be avoided.