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home equity
6articles tagged #home equity · All articles
Home EquityHELOC vs Cash-Out Refinance Explained Simply
You can pull cash from your home without refinancing your low-rate first mortgage. Here is how a HELOC works, how much you can borrow, and when a refinance makes more sense.
·5 min read
Home BuyingWhy Waiting for Rate Cuts Is Costing You
The Fed hiked rates unanimously and made inflation its priority. Here is why sitting on the sidelines waiting for lower rates may quietly cost you more than the rate itself.
·6 min read
Home EquityHow to Wipe Out Card Debt Without Refinancing
Paying 25% on credit cards but scared to lose your 3% mortgage rate? You can wipe out card debt with a HELOC and never touch your first mortgage.
·5 min read
Mortgage EducationHow to Remove PMI and FHA Mortgage Insurance in Florida
PMI and FHA mortgage insurance both protect your lender — but they cancel completely differently. PMI on a conventional loan drops off automatically at 78% LTV or by written request at 80%. FHA MIP on loans originated after June 2013 with less than 10% down stays for the life of the loan. Building equity alone will not remove it. For most FHA borrowers, the only real exit is refinancing into a conventional loan once they reach about 20% equity.
·8 min read
Home Equity & RefinancingCan You Use a Refinance to Pay for Home Renovations?
You can use a refinance to pay for home renovations — and done right, the money goes right back into your largest asset. Here's how a cash-out refinance and renovation loans like the FHA 203k and Fannie Mae HomeStyle actually work, plus the honest catch you need to hear first.
·7 min read
Reverse Mortgage / Aging in PlaceSHOCKER: The Simple Home-Equity Move Helping Seniors Stay Put—While Big Banks Stay Quiet
Discover how a reverse mortgage with your planner, CPA, and care team can make aging in place safe, smart, and stress-free.
·3 min read