Refinancing 101: Everything you need to know
Mortgage rates are at record lows, so now the perfect time to consider a refinance. Whether you're looking to lower your monthly payment, get cash to pay for things like home improvements, or want to lower the amount of interest you'll pay over the life of your mortgage, a refinance can help you achieve your financial goals.READ MORE
Is a cash out-refinance worth it?
As you pay off your mortgage, you gain equity in your home. Basically, equity is how much of your home's value that you've paid off. Sometimes though, you'll have a need for cash. In that case, you can take some of the equity you've built up in your home in exchange for a mortgage that's higher than what you owe. By getting a larger mortgage, you're able to take the difference in cash. This is called a cash-out refinance.READ MORE
Refinancing: What are closing costs and how can you save?
Refinancing is an exciting prospect. After all, who wouldn't be jazzed about getting a lower rate and saving on interest for their mortgage? While you're eager, it's important to know the ins and outs of the process. That's why we're here to help you understand everything about your refinance. Today's big topic: closing costs. Even though you probably have a sense of what they are from when you initially got your mortgage, it may have been a while, so we're here to give you a refresher and help you make sure you're making smart choices as you navigate your refinance.READ MORE