A few months ago, it didn’t make sense for many homeowners to refinance. But almost overnight, nearly 5 million of them can cut their monthly payments. What’s going on?
There are plenty of experts who will tell you that owning your own home doesn’t meet the threshold to be regarded as a true form of investment. And they muster some strong arguments. But are they right?
The new Fannie Mae High LTV Refinance Option allows homeowners to refinance into today’s low rates even if they little or no home equity. No appraisal is required, and borrower documentation has been reduced.
There are many reasons a home buyer or homeowner might take on a not-great second mortgage, home equity loan (HEL) or home equity line of credit (HELOC). If you’ve got one, you might be experiencing borrower’s remorse. So what can you do about a bad second mortgage rate today?
Nearly half of those have ever bought a home experienced an unexpected home renovation during the first year. Here’s how to prepare for the unexpected.
Second mortgages are loans against your home taken out after your primary home loan (your first mortgage). Thy can be a great source of cheap money, but things can go wrong. Here’s what to watch out for.
If you like the mortgage you have, but want to cash out some of your equity, check out this list of best banks for home equity loans for 2019.
Building home equity is important, why finding a home with the potential to become equity rich is also important. Learn how to increase home equity here.
Should you attempt a cash-out refinance to pay off HELOC mortgages or home equity loans? Sometimes, you should. Here’s how to make the decision.