When to refinance your mortgage. Like many homeowners, your monthly mortgage payment likely makes up the largest expense on your list of financial responsibilities. Although rates are rising, you might still be able to make your payment smaller if you consider an important question: Should I refinance my mortgage? Continue reading “When to refinance your mortgage”

Could Mortgage Rates Fall to 4.5% Next Year? Many experts think mortgage rates will keep rising, but several experts see a big reversal.

Key points

Can I Use a Home Equity Loan to Buy Another House? Yes, but it may not be your best option.

If you have a significant amount of equity in your primary residence, you can tap into it through a home equity loan. You can then use that money for any purpose that you wish, including buying a second home or an investment property. Using a home equity loan to buy another house is not without risks, however, so it’s smart to understand the pros and cons before you proceed.

Continue reading “Can I Use a Home Equity Loan to Buy Another House?”

When Should I Refinance My Mortgage?

Mortgages can be complicated and confusing. Even after you’ve secured a mortgage and moved into your home, you may still be left wondering: what about refinancing? When should I refinance my mortgage? Continue reading “When Should I Refinance My Mortgage?”