MORTGAGE

A cash-out refinance is a mortgage-refinancing option in which an old mortgage is replaced by a new one with a larger amount owed on the previous existing loan. This ultimately helps borrowers use their home mortgage to get cash. When you opt for this option, you take out a new loan that’s bigger than your…

Many homeowners are being struck with the reality of the spike in mortgage rates. If you are a potential homebuyer, or a current homeowner, it is important to understand your mortgage options. Different loan options each have their advantages that fit an ideal borrower. You should know about all your options including a Fixed-rate, adjustable-rate,…