Mortgage Rates , ,

How Low Can They Go: With Mortgage Interest Rates Low, Should You Refinance?

Do you have a mortgage? You've likely seen or heard a lot about mortgage refinancing as interest rates remained low in recent months. In today's blog post we'll explore the topic of mortgage refinancing, including when you should consider refinancing and how to take advantage of low interest rates. What is Mortgage Refinancing? In simple terms, refinancing refers to the practice of taking out a new mortgage and using the proceeds to pay off your old one in its entirety. You'll go through the full borrowing process with your chosen lender, including the credit check, financial history and employment history…
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Home Mortgage Tips , ,

3 Reasons You Might Consider Refinancing Your Mortgage in Early 2018

If you are a homeowner who has had their mortgage for a few years, you may be starting to wonder about refinancing. In essence, this is the process of retiring your current mortgage and taking out a new one because the terms are more favorable to you. Below we will share three reasons why you might want to look at refinancing your mortgage this year. Let's get started. Can You Use Some Extra Cash? Ask yourself: if you had some extra money on hand, how would you use it? Many homeowners refinance to pull out some of the equity value…
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Home Mortgage Tips , ,

Renovating in 2018? Cash-out Mortgage Refinancing Might Be the Best Way to Fund It

If you are a homeowner thinking about a significant home renovation in 2018, you have probably already considered your budget. As with any large project, you need to have the ability to pay the expected costs plus have a little bit extra set aside, just in case. The great news is that if you are a homeowner with a mortgage, you may qualify for cash-out refinancing, which can be a helpful way to leverage some of your home equity to cover renovation costs. In today's blog post we'll explore the topic of cash-out refinancing and how this unique financial product…
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