Refinancing a mortgage has many benefits, such as lowering your mortgage payments and saving money. But, it’s not the right choice for everyone. It’s important that you understand how the process works before deciding. Below are answers to the most common questions about refinancing a mortgage. What is a mortgage refinance? Mortgage refinancing isn’t just […]
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Category: Mortgage Refinance
Pros and Cons of a Cash-Out Refinance
Whether you have debt you want to consolidate, student loans to pay for, cash-out refinancing can be a good option. A cash-out refinance is also ideal for any home improvement projects you want to take on. Although many homeowners enjoy having the option of cash-out refinancing, it’s important to consider the pros and cons before […]
The Best Ways to Refinance a Home with a...
The main reason homeowners refinance home mortgages is for a lower interest rate, lower monthly payment or the chance to shorten the term of their mortgage. Refinancing may be a great option to consider if it means you will be saving money on your existing mortgage. If you have a bad credit score it can put you […]
The Mortgage Refinancing Process
4 Steps to Help You Prepare for the Mortgage Refinancing Process Refinancing your Owings Mills mortgage is an excellent way to get cheaper rates and more affordable payments then your current contractual rate. Here at Equity Mortgage our team of experts has listed 4 steps to help prepare you for the mortgage refinancing process. Preparation […]
What Should You Do When Your Home Equity...
Did Your Home Equity Line Expire? Do you have a home equity line of credit? If you are approaching year 10, you need to make sure that you are prepared for a large rate increase. Home Equity Lines 101 Home equity lines often last a decade with low payments. However, you can delay the increase […]
When to Refinance your Mortgage
There are many reasons why someone would refinance a mortgage. Some of those reasons could be: to replace an adjustable rate mortgage with a fixed rate, to settle a divorce or to eliminate FHA mortgage insurance. Some people choose to refinance because they could save thousands with a new interest rate altogether. Others do so […]
