Cash Out Refinancing in 2022: The Definitive Guide

How a Cash-Out Refinance Works A cash-out refinance is a type of loan where a borrower “cashes in” their home equity for cash in hand. How does it work? When you take out a mortgage to buy your home, ...

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

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

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

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

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

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

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...

What is Equity?

How to Build Equity in My Home Buying a home is an investment. That’s one of the major perks of homeownership. As with any investment, the idea – and goal – is to build wealth over time. The concept i...