It’s Halloween season, and while it’s fun to enjoy spooky decorations and scary movies, there’s nothing fun about feeling haunted by your mortgage—especially if you owe more on your home than it’s currently worth. If you’re feeling trapped in an underwater mortgage, don’t let it send chills down your spine! Refinancing your mortgage can be the solution to break free, no matter how far underwater you are. What Is an Underwater Mortgage? An underwater … [Read more...]
Exploring 5 Types of Refinance Loans
Refinancing your mortgage can be a smart financial move, offering potential savings, access to cash, or improved loan terms. With various refinancing options available, it's essential to understand what each type entails to make an informed decision. Let's look into five popular types of refinance loans: Rate and Term Refinance, Cash-Out Refinance, Cash-In Refinance, Home Affordable Refinance Program (HARP), and Short Refinance. 1. Rate and Term Refinance What is it? A Rate and Term Refinance … [Read more...]
