“My wife and I took out a $70,000 HELOC during COVID because we were unsure of what the market was going to do,” Letson says. “We have this as a safety net so if an unexpected expense comes up, we have the funds for it. If we had done a refinance, we would have been pa...
Advanced Funding Home Mortgage Loans is one of most trusted and respected mortgage companies in Utah. Whether you’re buying a house or needing to refinance, our Utah mortgage brokers have the knowledge and experience to ensure a pleasant home loan exper
Different refinancing options can be used by the borrower depending on the needs and the availability of the lender. As you look for a way to refinance your dream house, these are the types you can consider: Cash-In Refinancing- In this type of refinancing, you can pay down a percentage ...
Refinancing a loan can cost several thousand dollars, so knowing how long you plan to stay in the house could affect your decision aboutrefinancing your mortgage. In many cases, you should plan to stay in your home for at least five years to maximize your savings. If you plan to stay in...
Home renovations can help improve the value of your house. Currently,79 percent of homeownersare planning to embark on new projects after time spent sheltering in place. For most larger projects, an initial investment is needed. While an in-demand feature like an eat-in kitchen can deliver a...
A cash-out mortgage refinance lets you borrow more than you currently owe and keep the difference as cash. It’s one way to unlock the equity in your house. However, doing a cash-out refinance to buy stocks is not a good idea. You could lose a lot of money in a bear market. ...
To provide relief from the economic impacts of the COVID-19 pandemic, interest and payments on federal student loans have been suspended through this year, possibly as long as 30 days past June 30, 2023. As long as that relief is in place, there’s little incentive to refinance federal st...