Summary: There are good and bad ways to use the proceeds from a cash-out refinance. Ideal investments include home improvement and debt consolidation. Ill-advised uses include auto purchases and loans to relatives. One of the most valuable assets in the…
Summary: Refinancing can be a great way to take advantage of a lower interest rate, which can help you save a lot of money on your mortgage. But if you have a low income, can you refinance? This article will…
Summary: You’re refinancing, but you have already paid a large amount of money towards the principal of the loan. Your home has some equity. Why should you need an appraisal? This article will explain why. Despite the fact that you…