When Is a Cash-Out Refinance Loan a Good Idea?

When using a cash-out refinance to pay off debt, make sure you are not at risk of running up that debt again. In a cash-out refinance mortgage, you take a loan against your home in excess of what you owe, leaving you with cash available to spend. Adding to the debt against your home could […]

Why Should Homeowners Refinance Now?

Refinancing a mortgage makes a lot of sense—if the math is in the borrower’s favor. If they can reset their loan at a lower interest rate than what they’re currently paying, they may be able to: Refinance now and save big Take cash out at closing to cover a home improvement project, pay off debt, […]

Should Baby Boomers Refinance?

Between 2015 and 2030, the American population will experience a significant shift, as more than 130 million people will be at least 50 years old, and all of the baby boomers will have retired, which means that a fifth of the population of the country will be at least 65. Based on current trends, that […]

Cash-Out Or Cash-In: Which Refinance Should You Get?

Mortgage rates went up marginally during the last few months. Still, rates are low enough to consider refinancing. Rates may go up in the coming months, so if you are planning to refinance now is the time to submit your application. When you refinance, basically you have got three options. Most borrowers refinance for the […]

How to Improve Your Chances of Getting a Refinance

Now that interest rates are at their historical lows, many homeowners are exploring the possibility of getting a refinance. By refinancing your existing mortgage, you can enjoy today’s low interest rates. It is true that current mortgage rates are pretty low; still getting a refinance is tougher than you think. Thanks to the refinance boom, […]

Should You Refinance?

Refinancing is not a decision to take lightly. If you are asking yourself if you should refinance, the answer is not as simple as a “yes” or a “no.” You should refinance depending on several factors, and before you start the process, you need to know if refinancing is right for your particular situation. It’s […]

5 Reasons Why Getting a Mortgage Will be Harder in 2014

Do you recall the housing market crisis that occurred a few years ago? During this meltdown there was a huge bailout for large lending institutions that was funded by taxpayers. Some financial institutions were underwriting loans, and then selling them to lenders. These institutions were receiving a good amount of money in fees for these […]

A Glossary of Real Estate Terms

Are you looking to refinance your current home mortgage? In order to successfully communicate with your mortgage broker, you should know the basic real estate jargon. There are a plethora of terms that those involved in real estate use, and you need to educate yourself to protect your investment in the refinancing process. This glossary […]

HARP Refinance: Is it the Right Option for You?

The Home Affordable Refinance Program (HARP) was launched in 2009 with the objective of stimulating the economy by giving refinance to homeowners who have been underwater with their mortgage. It was not hugely successful, so it was modified and re-launched in 2012 as HARP 2.0. Of course, HARP 2.0 has been more successful than its […]