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How does a cash-out refinance work?
Mortgage

How does a cash-out refinance work?

A cash-out refinance is a way to both refinance your mortgage and borrow money at the same time. You refinance your mortgage and receive a check at closing. The balance owed on your new mortgage will be higher than your old one by the amount of that check, plus any closing costs rolled into the loan. 

David  Mully
5 months ago
How single parents can buy a home
Home Purchase

How single parents can buy a home

Couples have double the buying power of single home buyers, making buying a home easier for two-income families. But that doesn’t mean that single parents are out of luck when trying to buy a home.

Dan Rafter
5 months ago
Getting an FHA mortgage with student loan debt
FHA Loans

Getting an FHA mortgage with student loan debt

Can you qualify for an FHA mortgage even when you’re saddled with thousands of dollars of student-loan debt? Yes, but those student-loan payments will make it more difficult and will limit how much you can borrow.

Dan Rafter
5 months ago
How hard is it to cancel PMI?
Mortgage

How hard is it to cancel PMI?

Private mortgage insurance might be one of the costs that you most hate to pay when you send in your mortgage payment each month. It's not necessarily because of the expense. It's because this insurance doesn't cover you. Instead, it protects your lender in case you default on your loan.

David  Mully
5 months ago
Converting your HELOC to a Fixed-Rate Loan
HELOC

Converting your HELOC to a Fixed-Rate Loan

Interest rates, like summer temperatures, have been rising. Many expect them to continue to do so, after a long run of historically low rates. As a result, many borrowers are looking to convert their HELOCs to a traditional mortgage or other type of fixed-rate loan.

Aaron Crowe
7 months ago