6 Ways Seniors Can Tap Home Equity To Supplement Income
Seniors looking to supplement their income may be able to tap their home equity to supplement their lifestyle or ease financial worries during retirement. Pros & cons of…
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Refinance
Can I Refinance If I’ve Had a Late Mortgage Payment?
Question: Is there any way to refinance if we had a late payment on our mortgage six months ago? So far no one will approve us until a…
How much does it cost to refinance?
It typically costs between 2% and 5% of the amount you’re borrowing to cover the closing costs of your refinance.
Home Equity Line of Credit (HELOC): What You Need to Know
With home values rising in most areas of the country, many homeowners are interested in a home equity line of credit to access cash — especially to fund…
The Best Ways to Finance a Pool
Many homeowners dream of having their own swimming pool, especially after the heat of summer settles in. But after checking the price tag, a lot of would-be pool…
5 Things to Consider Before Your Cash-out Refinance Application
On the surface, applying for a cash-out refinance mortgage sounds like a no-brainer. You may be able to lower your interest rate, plus you walk away with some…
A Single Mom’s Guide to Refinancing
Refinancing can mean lower payments, less total interest costs over the life of the loan, and possibly some extra cash for home improvements. Currently, interest rates are at…
Can I Use an FHA Refinance to Remove a Borrower?
The FHA streamline refinance allows borrowers to reduce their rate with no pay stubs, no W2s, and no appraisal. But is an FHA streamline possible while simultaneously removing…
When Does a Reverse Mortgage Make Sense?
As more and more baby boomers retire, the consideration of a reverse mortgage has become relatively common. Although reverse mortgages have been around for years in various formats,…
HARP 2.0 & Underwater Mortgage Refinance Options
Editor’s Note: The HARP program expired December 31, 2018, and a popular replacement option, the Freddie Mac Enhanced Relief Refinance (FMERR) loan expired September 30, 2019. However, Fannie…