Refinancing your home can be done for multiple reasons. Whether you’re looking to save money, replacing an adjustable-rate with a fixed-rate, or eliminate FHA mortgage insurance, refinancing can be a good choice. Knowing when the time is right to consider refinancing is most important.
There are two major types of refinancing. Cash-out refinancing allows you to take out a new mortgage for more than what you owe. The difference is taken in cash and you can utilize it to pay of an existing debt. Rate-and-term ... read more