Can you do a cash out refinance with an FHA mortgage?

Answer On One Hand: FHA Allows Cash OutsThere are two basic types of mortgage refinances, a cash out refinance and a rate-and-term refinance. A cash out refinance allows the borrower to refinance the curr... Read More »

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How do I Cash Out a Refinance HELOC to a Fixed Mortgage?

There are a variety of mortgage and home loan programs available to the general lending market. One of these products is the HELOC, or Home Equity Line of Credit. This loan is similar to a credit c... Read More »

Is a cash-out refinance mortgage a non-recourse loan?

A non-recourse loan is secured against collateral. If the borrower defaults, the lender seizes the asset, and the lender can take no further action against the borrower, even if the value of the co... Read More »

The Average Cost of a Refinance With Cash Out?

According to the Federal Reserve, the cost to refinance a home, regardless if cash was taken out or not, can range from 3 to 6 percent of the value of the mortgage. It is usually about the same clo... Read More »

How to Refinance a Mortgage With a High Credit Score?

Refinancing refers to getting a new mortgage loan to pay off your existing loan. The new loan may have better terms, such as a lower interest rate or a longer repayment period, resulting in lower m... Read More »