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For many homeowners, the house they live in is more than just a place to come home to—it’s a powerful financial asset. With rising home values across the country, many people now have more equity in ...
If your property value has increased, you may be able to move up the day you drop your mortgage insurance coverage. And even ...
Cash-out mortgage refinancing enables you to get a loan by leveraging your home equity. CNBC Select has chosen the best lenders for cash-out refinancing.
How much equity can I cash out of my home if it’s fully paid off? More than if you had a mortgage, that’s for sure. If the mortgage has been paid in full, you have 100 percent equity in your home.
Both can help alleviate financial stress. Here's how to determine which makes sense for you, according to experts.
Fannie Mae limited cash-out refinances offer the option of taking out $2,000 or 2% of the loan amount, whichever is less. If maximizing your cash with a limited cash-out refinance is important to ...
That includes your old loan balance and the money you “cash out.” If you had a $150,000 balance on your old loan and cashed out $50,000, then you’ll have to pay 2 to 6% in closing costs on ...
Fannie Mae limited cash-out refinances offer the option of taking out $2,000 or 2% of the loan amount, whichever is less. If maximizing your cash with a limited cash-out refinance is important to ...