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Home Refinancing

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3 Things You Should Consider Before You Refinance

If you’re a homeowner, congrats! You survived the mortgage process once already, giving you a good baseline for what to expect when it comes to refinancing your home loan. Maybe interest rates are low and home values are up. So, it’s no surprise that you’re asking yourself if you should refinance your mortgage. Makes sense...

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3 Tips To Get The Best Refinance Rates

After you’ve lived in your home for a few years, it’s normal to start thinking about what’s next for you and your money. Do you want to try your hand at DIY home improvements? Is it finally time to go back to school or maybe pay off student loans? They’re all great ideas — but...

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How To Refinance an Investment Property

Whether it’s a vacation home or a multiunit rental property with tenants, real estate investors can take pride in their financial savvy. With the right investment property, you’re not only earning income from your tenants, but you’re building equity.  The other side of the proverbial coin is expenses.  The biggest single expense for investment property...

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What Is a No-Closing-Cost Refinance?

If you’re a homeowner, refinancing your mortgage can be a great way to: Get a lower interest rate (especially if interest rates are low) Reduce your monthly mortgage payments Shorten your repayment period Take advantage of your home equity But before you can enjoy those perks, you have to pay your closing costs. Remember the...

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What Is a Reverse Mortgage?

Is it even daytime TV if you don’t catch an ad or two featuring charming, silver foxes like Tom Selleck, Henry “the Fonz” Winkler, or Joe Namath telling you about the benefits of a reverse mortgage? The spokesperson may change, but the message rarely does: “You’ve worked hard to pay down or even pay off...

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Should You Refinance Your Mortgage To Pay Off Debt?

By the middle of 2021, total U.S. household debt was more than $14 trillion, according to the Federal Reserve Bank of New York. Credit card debt accounted for $1.56 trillion of that total.  While Americans have paid down their credit card balances by $140 billion between the end of 2019 and the first quarter of...

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Cash-Out Refinance, From ‘Huh?’ to ‘Ahh!’: A Simple Explainer

Cash-out refinancing (or cash-out refi) is a creative way for homeowners to borrow the money they need for big financial goals. Allow us to oversimplify for a sec. It’s kind of like using your house as a piggy bank. Except in this case, you’re finally taking out the money you’ve been putting into it (aka...

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How To Refinance With a Low Appraisal

One of the great things about mortgages is that if you don’t like your current one, you have the option to refinance and get a new one. As a homeowner, you’d probably refinance for one of these reasons: Lower interest rates: If mortgage rates are low, you may be able to refinance and get a...

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