Refinancing
Why refinance: how to know when
Refinancing is most often motivated by lower interest rates, which can bring the dual benefit of lower mortgage payments and lower interest costs over time. But there are many other legitimate motivations. Some are a product of "creative" financing products...
Home equity loans: the types, pros, and cons
A home equity loan uses a borrowers "equity" in a home as collateral. The term generally refers to a loan taken out after the home has been owned for a while. The owner signs a mortgage, pledges his home as collateral, and walks away with a check. But technically,...By Trulia Staff | 1 Comment
What is a reverse loan?
After paying to live in your home for years, wouldn't it be nice if the home started paying you? Reverse mortgages enable homeowners 62 and older to convert part of their home equity into tax-free income. The lender provides income to the homeowner in one...
Refinance case study
There are many reasons to refinance your mortgage—some good and some not so good. If interest rates have dropped since you locked in your loan, and you aspire to pay less mortgage interest over time, you may have an excellent reason. If you're looking...Got a question?
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