Tag: refinance
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Should you refinance your home equity loan now that rates are cut? Experts weigh in
By refinancing their home equity loan at today’s interest rates borrowers could potentially save a substantial amount of money. John Solie/Getty Images In the post-pandemic era, home equity loan rates and home equity line of credit (HELOC) rates rose as the Federal Reserve increased the benchmark interest rate. While the cost of home equity loans…
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How to get equity out of your home with refinance rates high again
There are effective ways to get money out of your home without getting stuck with a high refinance rate now. Getty Images When the Federal Reserve issued a larger-than-expected cut to its federal funds rate in September, hope was high that relief was imminent. And, for a brief time, it appeared to be. Right before…