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One Extra Mortgage Payment a Year Can Add Up to Big Savings

One Extra Mortgage Payment a Year Can Add Up to Big Savings

When you bought your home, you (hopefully) qualified for a mortgage that you could afford and if you stay on top of it monthly, you’ll own your home free and clear in 30 years (or less, depending on your loan terms.) Making extra payments may not even hav

Feb 16, 2022 | Refinancing a Home

Should I Do a Cash-out Refinance on My Rental Property?

Should I Do a Cash-out Refinance on My Rental Property?

Mortgage interest rates have been near record lows for the past several years. At the same time property values have jumped dramatically, giving homeowners plenty of equity. Those two factors combine to make right now an excellent time to get a cash-out r

Jan 12, 2022 | Refinancing a Home

Should I Ever Consider a Balloon Mortgage?

Should I Ever Consider a Balloon Mortgage?

The typical mortgage loan lasts 30 years and is amortized equally over that entire period, so that the borrower makes consistent payments, including both interest and principal. The last payment pays off the loan. However, there is a type of loan called a

Nov 17, 2021 | Refinancing a Home

Americans Home Equity is at a Record High

Americans Home Equity is at a Record High

With the housing market on fire, home prices have steadily risen for the past several years. The result has been an enormous amount of home equity for American homeowners. In fact, according to mortgage data firm Black Knight in the second quarter of 2021

Oct 20, 2021 | Refinancing a Home

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