What would you do with some extra cash in your pocket? Wipe out your credit card debt once and for all? Update your kitchen? Finally finish your basement? Pay off high-interest student loans or personal loans? Refinancing your mortgage with a cash-out refinance means you might get to check off all the boxes on your to-do list or give yourself an infusion of cash for upcoming … [Read more...] about What is Cash-Out Refinancing and When is it a Good Option?
Have you ever gotten a bill and immediately wondered how you'll come up with the money to pay for it? It's a common situation, especially when you experience financial hardship or an unfortunate job loss. It's a good rule of thumb to reach out to your creditor or lender when you have trouble making your payments — including when you can't make your mortgage … [Read more...] about What is Mortgage Forbearance and is it a Good Idea?
You might think buying a home involves a lot of waiting. You may wait for pre-approval, the results of the home inspection, underwriting and more. As part of the homebuying process, you may also wait for the results of an appraisal. (Getting the results of a real estate appraisal may take less time than you think.) Knowing the exact process can help you learn more about how … [Read more...] about How Long Does an Appraisal Take?
When you find your dream home online or have your eye on a house in your neighborhood, you might also see a "sale pending" sign on it. But what does pending mean on a house? Does it mean that the sale is a done deal — that you might as well walk away? Or do you have a decent shot at getting a pending home? In this situation, you can still hold onto hope because the sale … [Read more...] about What Does “Pending” Mean on a House?
Can you think of one of the earliest and most important steps involved in getting a mortgage? If you guessed getting a mortgage pre-approval, you're right. You may think that getting a pre-approval involves mounds of paperwork and a deep inquiry into your financial situation. However, you might be surprised at how quickly you can get pre-approved for a home loan, especially … [Read more...] about When Does a Mortgage Pre-approval Expire?