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How To Use A Cashout Refinance To Buy Another Home - Latest News

Tapping your equity to buy a second home

As home prices rise nationwide, so too does the value of your home's equity. That value can be monetized through a home equity loan, home equity line of credit or what is called a cash-out refinance . ... read more

When is it smart to do a cash-out refinance?

When you refinance your mortgage, you get a new loan to replace the current mortgage. And if you have enough equity, you can do a cash-out refinance ... use equity because you're adding to the home's ... read more

Power of Attorney: When you need it to buy or refinance a home

Why would you need one when buying or refinancing a home? Dos and don’ts for using a power of attorney ... delegating authority from one person to another. In the document, the maker of the ... read more

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Slipping away

or you can do a cash-out refinance — when you refinance your home for more than you owe, pay off the existing first mortgage, and use the rest of the funds for a new mortgage loan. Some lenders also r... read more

How to Get a Loan for a Manufactured Home

This is due to the fact that, technically, you could detach the dwelling and move it to another property. If you are able to secure financing, manufactured home loans often ... for purchasing or refin... read more

Ellen James Martin's Smart Moves: How to get the best refinance deal

Gumbinger cautions against drawing cash out of a home through ... you can also buy the results of a comprehensive weekly survey of mortgage rates available through lenders that serve your area. Anothe... read more

Using a cash-out refinancing of your home to pay off a business loan

From your description, it sounds like you have done a cash-out refinancing, in which you have taken money out of your home while increasing the debt ... they can no longer afford may want to consider ... read more

The FICO War: Four Steps To Get Your Credit Score Under Control

Say you need a better score to get qualified for a line of credit, buy a new car or refinance your ... access to your home equity and using it to pay down personal debt to lower balances and improve d... read more

Should You Take Cash Out When Refinancing?

WASHINGTON — For thousands of American homeowners, the question is not whether to refinance their mortgages but whether to pull extra cash out when they do. Put another ... to use for some non-housing ... read more

How to Refinance a House That Has Been Paid Off

Owning a house free of any debt puts homeowners in an enviable position to use the ... for a $300,000 cash-out refinance on a $400,000 home, you get a check for $300,000. You pay the mortgage over a f... read more

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