If you are like most homeowners, you want to own your home as fast as possible. No one likes having a mortgage hanging over their head, but with hundreds of thousands of dollars to pay off, how do you make it happen fast?Looking for Current Mortgage Interest Rates? Click Here.While you can make extra payments toward your loan’s principal each month to pay your loan off faster, there is one … [Read more...]
VA IRRRL Refinance: What are the Disadvantages?
The VA IRRRL program is a great way to refinance your current VA loan. You don’t have to verify your income, assets, credit score, or home value. What’s not to love, right?Looking for Current Mortgage Interest Rates? Click Here.While it is a great program, there are some downsides that you may want to consider before making a decision for yourself. You Can’t Tap Into Your Home’s … [Read more...]
How to Compare Your Refinance Options
If you are in the market to refinance, you should get quotes from at least three lenders. If you have never compared loan offers before, it can seem overwhelming. It’s an important part of the process, though, so that you can make sure that you get the most for your money when refinancing.Compare Offers from Several Mortgage Lenders.Keep reading to learn the steps you should take to … [Read more...]
The Best Way to Deal With Debts Before Refinancing
If you want to refinance your mortgage, you have to have your financial affairs in order. Just like when you bought your home, your lender will look at your credit score, income, debts, and assets. They want to know that you can reasonably afford the loan before giving it to you.Compare Offers from Several Mortgage Lenders.So what should you do if you have other outstanding debts aside … [Read more...]
What’s the Best Way to Use Your Cash-Out Refinance?
You have equity in your home and you qualify to get a cash-out refinance. Should you use it or leave it alone?Looking for Current Mortgage Interest Rates? Click Here.There are good uses for a cash-out refinance and there are some that are ‘not so good.’ Keep reading to find out the best uses for your home equity. Invest Back in Your Home The best use of your home equity funds is to put … [Read more...]