How Do Mortgage Rates Work?
There is a common misconception about mortgage interest rates and how rates are determined. It’s common for many people to mistakenly think The Federal Reserve sets mortgage interest rates. Read More
Cash-Out Refinance: Convert Home Equity Into Cash
If you need cash for a good reason and have built up equity in your home, you might consider tapping into that treasure chest of savings that’s hiding under the roof over your head. Cash-out refinancing can allow you to take out a new mortgage for more than your present mortgage balance, pay off your existing mortgage and obtain cash for the difference. Read More
How to Get the Lowest Mortgage Rate
Snagging the lowest mortgage rate possible can mean saving thousands of dollars over the life of your loan. For example, if you locked in a 4.0% mortgage interest rate rather than a 5.5% rate for a 30-year, fixed-rate mortgage loan of $200,000, you could save more than $65,000 over 30 years. Read More
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