Savings Corner

APRIL 4, 2024

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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Prairie Eco-Thrifter

JANUARY 18, 2019

Home repairs and other payments will have to be made for those affected by tornados, volcanos, floods and earthquakes—and quickly. Some lenders even offer grace periods during late payments, zero prepayment penalties, and refinancing options for customers.

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Savings Corner

APRIL 4, 2024

And, as with your primary mortgage, you can expect closing costs whether you choose a home equity loan or HELOC. Many borrowers use them to pay for major home repairs or renovations, like finishing a basement , remodeling a kitchen or updating a bathroom. Hence, the interest in home equity loans and HELOCs.

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