If you took a subprime mortgage because you had a low credit score, high debt ratio, or some other reason that kept you from getting a mortgage, you may wonder if you can get out of it at some point. The truth is that if you work hard, you probably can get out of a subprime loan. You aren’t stuck with it forever, as they don’t have prepayment penalties in most cases.Looking … [Read more...] about Is it Time to Refinance Your Subprime Mortgage?
Refinancing
The Top Reasons Not to Use Your Current Lender to Refinance
You decided you want to refinance. It’s time to lower your payment or tap into your home’s equity. You’ve prepared yourself financially and are ready to take the jump. Your current lender seems to have a great program for you. Before you jump in headfirst, you may want to consider the top reasons not to use your current lender though.Compare Offers from Several Mortgage … [Read more...] about The Top Reasons Not to Use Your Current Lender to Refinance
The Top 5 Ways to Use Home Equity
If you’ve paid a significant amount of your loan’s balance down, you may have some decent home equity. Even if you’ve only paid on your loan for a little while, but your home appreciated, you may have more equity than you thought. Should you use the equity? If so, what’s the best use for it?Compare Offers from Several Mortgage Lenders.Keep reading to find out the top … [Read more...] about The Top 5 Ways to Use Home Equity
The Good and Bad Sides of the VA Cash Out Refinance
Refinancing your VA loan to tap into your home’s equity is possible with a VA cash out refinance. In fact, you can borrow up to as much as 100% of your home’s equity with a VA loan. Is it worth it though?Compare Offers from Several Mortgage Lenders.As with any refinance, there are pros and cons that you must consider. Keep reading to learn both sides of the VA cash out … [Read more...] about The Good and Bad Sides of the VA Cash Out Refinance
Smart Ways to Use your Cash-Out Refinance Proceeds
You have equity in your home and you want to use it. While there may be a program that allows you to tap into that equity, it’s not always the right choice. Before you jump in and take the equity out of your home, learn which uses are best for your equity and which are best left alone.Get Matched with a Lender, Click Here. Renovate Your Home Perhaps the best reason to tap … [Read more...] about Smart Ways to Use your Cash-Out Refinance Proceeds