Tag: refinancing
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3 mortgage refinancing alternatives seniors should consider now
A reverse mortgage could provide seniors access to attractive funding now that mortgage refinance rates are high again. Getty Images/iStockphoto Traditionally, a mortgage refinance helps homeowners put extra money back into their pockets. By refinancing to a lower interest rate than what they currently have on their mortgage loan, homeowners reduce their payments and save…
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Why home equity loans are better than refinancing right now
Before refinancing your mortgage it first makes sense to calculate your potential home equity loan costs. Getty Images Homeowners looking to access a large sum of money in today’s economic climate don’t have to look too far to find it. By turning to their accumulated home equity, owners can potentially finance a major expense (or…