How does refinancing a mortgage work? If you’ve ever gotten a mortgage before, you’ll find that the process is very similar. That’s because a refinance replaces one mortgage with…
Tag: Mortgage Basics
Refinancing a mortgage works much like the process for getting a mortgage on a new home.* This includes providing certain documents to your lender to verify things such as your…
There are several reasons to consider refinancing the mortgage on your home. Refinancing can potentially reduce your mortgage payment, lower your interest rate, or shorten your…
Estimated reading time: 4 minutes For homeowners looking to convert home equity into cash, a cash-out refinance can be a great option.* Interest in these refinances has soared…
Estimated reading time: 4 minutes Refinancing your mortgage can present a way to reduce your interest rate and mortgage payment, or cash out home equity. As you plan ahead for…
Estimated reading time: 5 minutes There were more than 18 million veterans in the U.S. in 2023, according to the Department of Veterans Affairs (VA). If you’re one, there…
Cash reserves, or “mortgage reserves,” are funds a customer has easy access to in addition to their down payment and closing costs. These funds can be liquid—like cash in a…
This step-by-step guide is packed with tools and insights to help you navigate the process from preparing to shop to closing on your new…