And before they change, many homeowners have been taking advantage of the benefits of cash-out refinancing. To give you the gist, cash-out refinancing is when you replace your current mortgage with a new one that has a larger outstanding principal balance, and you get the difference in a lump sum of cash.
Read MoreLooking to buy a new home but struggling with down payment or closing costs? You're not alone. Luckily, there's a solution: Freddie Mac BorrowSmart®.
Read MoreThe mortgage process can seem both confusing and overwhelming. That’s understandable because buying a house may be one of the most important and biggest purchases that anyone will ever make.
Read MoreOne of the biggest hurdles renters face today as they start their homeownership journey is saving enough cash for a down payment.
Read MoreOdds are, you grew up hearing the oft-repeated 20% down payment rule, as it pertains to buying a home. But in today’s mortgage economy, this rule is far from standard.
Read MoreCould buying a home mean more junk mail? Short Answer: Maybe.
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