Refinancing your home does not have to be a mystery. Hall Financial is dedicated to client service and making sure each experience provides you with the information you want and need. Browse through these informative articles and then Call Hall First to chat with a mortgage expert.
Homeowners can replace their previous mortgage for a better interest rate and lower monthly mortgage payments with a refinance.
A cash-out refinance allows a homeowner to replace their previous loan with a higher mortgage and receive the difference in cash.
What is a Rate-and-Term Refinance?
A rate-and-term mortgage refinance allows homeowners to change their interest rates or their loan terms of an existing home loan mortgage.
Debunking Common Refinance Myths
There are a lot of myths lurking about when homeowners are in the market to refinance. To ensure a successful and stress-free refinance, we have debunked eight common myths.
Using Home Equity to Pay off Debt
Home equity is the difference between how much you owe on your mortgage and how much your home is worth. Home equity can be a great asset to help pay off or consolidate debt.
How Often Can You Refinance Your Home?
Refinancing is the lowering of monthly payments. There is technically no limit to the amount of times one can refinance their home, whether it is a rate-and-term refinance or a cash-out refinance.
Five Benefits of a Cash-Out Refinance
The benefits of a cash-out refinance will vary based on the borrowers’ needs. Here are five benefits/uses for a cash out refinance.
What Can a Cash-Out Refinance Do for You?
A Cash-Out Refinance replaces your current mortgage with a new and improved mortgage plus a surplus from the equity you have built in your home.
Both a home equity loan and a cash-out refinance accomplish the same goal – tapping into your house’s equity for whatever your needs may be.
How Do You Refinance a Jumbo Mortgage
This article will discuss what a jumbo mortgage is and how do you refinance it into a new mortgage.
What was the Adverse Market Refinance Fee?
The FHFA removed a 0.5% surcharge applying to refinance transactions in September of 2022.