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Owning & Refinancing

For people who already own: when refinancing is worth the closing costs, how to tap equity without overleveraging, what forbearance does to your options, and financing a second or vacation property.

Posts in Owning & Refinancing

Showing 1–4 of 4 posts

How to Finance Vacation Homes?

Work-life balance may prevent you from taking vacations with your family, especially if you’re a high-performer at your career. It is burdensome to watch your kids grow up and not enjoy quality time with them like you know you should. This can be a telling sign to purchase your first vacation property. When you own your own vacation home, enjoying the beach, hiking, and other relaxing activities is simply. You throw out the hassle of finding available reservations by driving to a comfortable home you already own. To qualify for a decent vacation property mortgage rate, there are several requirements to meet. Your never-ending vacation is waiting for you. Here’s what you need to know about vacation home mortgage requirements to take the plunge.

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5 Signs You Should Refinance Your Mortgage

Refinancing your mortgage helps you take advantage of the ability to renegotiate the rate and term of your loan. This can make it easier to make payments or help you to save more money in the long run.

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Mortgage Forbearance: Is it Your Best Option?

Paying your mortgage should be one of your highest priorities. A house is often a person’s largest financial investment. It is also important to have a secure and safe place to live. A layoff, a health problem, or a natural disaster can leave homeowners unable to cover all of their bills. You can ask yourself these questions to determine if mortgage forbearance is your best option.

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Using Your Equity to Increase Your Home’s Value

Owning a home has many advantages. One of the biggest ones is being able to accumulate equity with every payment that you make.

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