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Mortgage Refinancing: What Is It And How Does It Work?

Savings Corner

Key takeaways Refinancing replaces your current mortgage with a new one, adjusting the rate, term or both. With refinancing, you can change the loan type as well as your lender. Here’s how refinancing a mortgage works, the common options available to you and pros and cons to consider. What is refinancing?

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5 Sources for Quick Funding

Prairie Eco-Thrifter

Home repairs and other payments will have to be made for those affected by tornados, volcanos, floods and earthquakes—and quickly. Divorce or Lawsuit: From court fees to lawyer bills, the justice system is not cheap. The last thing someone should suffer from is not being able to pay off the hospital bills.

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Many borrowers use them to pay for major home repairs or renovations, like finishing a basement , remodeling a kitchen or updating a bathroom. Others use them to pay off high-interest credit card debt or other bills. $16 Hence, the interest in home equity loans and HELOCs. homeowners as of year-end 2023.

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