Refinancing your home involves replacing your old mortgage with a new one. This can lower your monthly payment, but the costs may outweigh any potential savings.

The key difference is that, with a simple refinance, you can defer closing costs by rolling them into the mortgage and paying ...

QuickLiquidity Logo QuickLiquidity proudly announces the successful closing of a first mortgage cash-out refinance secured by an 8-unit apa ...

Not necessarily. Some cash-out refinance lenders may let you keep your interest rate, so it’s important to check with your bank or credit union before filing an application. No, the IRS does not ...

You can usually refinance your mortgage with the same bank or lender, but you don’t have to. Learn the pros and cons of using ...

senior vice president and director of sales at Univest Bank and Trust Co. No, the money you receive from a cash-out refinance isn’t taxable since the proceeds are a loan, not income. Can I use a ...

Unlike a cash-out refinance, you get a separate loan with fixed rates, terms of 5 to 20 years and often lower or no closing costs. A home equity line of credit (HELOC) is a close cousin of the HELoan.

A rate-and-term refinance is also known as a no-cash-out refinance. Unlike a cash-out refinance, you won't get new money from the loan at closing. A rate-and-term refinance may carry lower ...