Search results for “Refinance”
Home Equity Financing: The Definitive Guide
Newrez Home Equity Loan2 vs Cash-Out Refinance3: What’s the difference? With Newrez Home Equity Loan you can tap into the equity in your home without giving up your current mortgage. You can keep yo...
How Your Mortgage Rate is Calculated (and What You Can Do About It)
Why Mortgage Rates Matter If you’re like most homebuyers, there are three mortgage factors that probably concern you most: the closing costs, the monthly payment, and the rate. The lower your mortgage...
Rushing to Refinance: Why More Consumers are Looking to Refinance in an Uncertain Market
We don’t yet know the full extent of the impact this pandemic will have on the housing market. However, according to a recent study conducted by Cultural Outreach, 73.8% of millennial homebuyers are m...
Can a Cash-Out Refinance Help with Major Expenses?
A cash-out refinance is a method for you to tap into your home equity. You’ll refinance your existing mortgage into a new one for a larger amount and pocket the difference, minus closing costs. But, r...
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...
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...
FHA Refinance Guidelines in 2022
The FHA also offers great refinancing options, whether you’re an existing FHA borrower or not. If you’re thinking about a refi, an FHA refinance might be right for you. Check out these FHA refinance o...
7 Misconceptions About a Mortgage Refinance
1. Waiting for rates to drop Waiting for mortgage rates to drop can be a gamble, because there’s no guarantee rates will go lower. Refinancing is a smart choice when it makes sense for you, your situa...