Search results for “Consolidate Debt”


Cash Out Refinancing in 2022: The Definitive Guide
March 2, 2022

Cash Out Refinancing in 2022: The Definitive Guide

How a Cash-Out Refinance Works A cash-out refinance is a loan type where you essentially “cash in” your home equity for cash in your pocket. Generally, this loan type replaces an existing mortgage wit...


The 5 Most Important Reasons to Refinance Your Mortgage Loan
June 3, 2020

The 5 Most Important Reasons to Refinance Your Mortgage Loan

While each homeowner has their own reasons for refinancing, the ultimate goal is to keep money in your pocket. So, if you find yourself weighing your options, here are five key reasons to refinance yo...


6 Reasons to Refinance Now
June 17, 2021

6 Reasons to Refinance Now

1. Reduce Your Interest Rate When rates drop, you could reduce your monthly mortgage payment. For example, on a $200,000 mortgage with an original interest rate of 5.5%, refinancing to a 30-year fixed...


5 Benefits of a Cash-Out Refi
December 14, 2021

5 Benefits of a Cash-Out Refi

If you’ve built up enough equity in your home, it may be a good idea to go through with a cash-out home refinance. Here are 5 reasons why you might want to. 1. You can use the cash you get for major e...


5 Questions to Ask Before You Refinance This Year
March 15, 2021

5 Questions to Ask Before You Refinance This Year

A home loan refinance is about striking at the right time, particularly when it comes to interest rates, home equity, and your financial and living situation. Refinancing without carefully considering...


Why Refinancing Still Makes Sense Amid Rising Rates
April 12, 2021

Why Refinancing Still Makes Sense Amid Rising Rates

Mortgage Interest Rates Are Still Considered Low Even as mortgage rates have been rising over the past year, the rates remain near historic lows; therefore, many people are locking in today’s rates to...


Pros and Cons of Rising Interest Rates
May 3, 2021

Pros and Cons of Rising Interest Rates

Pros of Rising Interest Rates To help battle high inflation in 1981, the Fed raised interest rates to an astronomical 19%. The move was ultimately successful. However, in the interim, those with savin...


Save Money and Give Back this Holiday Season
December 9, 2021

Save Money and Give Back this Holiday Season

You Save, We Give You may be saying to yourself, “This sounds great, but how does it work?” Well, it’s simple. For every loan that is locked in during the month of December, Newrez will be donating $2...


Comparing the Home Equity Line of Credit (HELOC) & Cash-Out Refinance
December 13, 2021

Comparing the Home Equity Line of Credit (HELOC) & Cash-Out Refinance

Start with Your Home’s Equity Simply put, home equity is the market value of your home. The amount of equity you’ve built throughout the repayment period of your loan is determined by taking the appra...