Category: Refinancing

Cash-Out Refinance: What It Means & How It Works

For homeowners who have built equity in their homes, a cash-out refinance may be a useful tool to cover some of life’s big expenses. There are many reasons homeowners may be interested in a refinance of this nature. Whether the money is for debt consolidation, a renovation, college tuition, or a new business, this program allows homeowners to turn their equity into cash. READ MORE

What To Do (And Avoid) When Refinancing

Mortgage interest rates are always changing, and if you bought your home when rates were higher, refinancing the existing mortgage could save you thousands of dollars over the course of your home loan. When you are preparing to refinance there are certain things you should avoid leading up to the transaction. Take a look at the list below and contact a Marketplace Home Mortgage Loan Officer to learn more about how you can get started.