For many Americans, their home is their primary investment. The equity stored in your residence can be a source of available cash for home repairs, upgrades, or for financing the purchase of investment properties. However, few homeowners really understand the process that results in home equity.
Mortgage Terms 101: Understanding ‘Cash-Out Refinancing’ and How to Determine if It’s Worth It
By learning more about what a cash-out refinance is and what the pros and cons of this type of refinance loan are, you can make a decision that is best for your current and future plans.
An Insider’s Guide to Reducing Your Remaining Mortgage Years Through a Smart Refinance
Is it always the best idea to pay off a mortgage over 30 years? While it may help a homeowner lower his or monthly payment, it can mean paying more in interest and waiting several more years to build sufficient equity in the home.
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