What is a Cash Out Refinance?

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Definition of a Cash Out Refinance You want to renovate your home. You sit down with your lender and he says “you need to do a cash out refinance.” Why? How does that work? And what are your options? Let’s say you own your own home. You owe $300,000 on your mortgage. Your house is…

New loan limits save you money!

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Effective Jan 1 2019, the Federal Housing Finance Agency announced new loan limits for almost every part of the country for both conventional and FHA loans. These new loan limits save you money on your mortgage! Are you thinking about buying a house in 2019? Or are you considering refinancing your mortgage, either to save…