Kiah Treece is a small business owner and personal finance expert with experience in loans, business and personal finance, insurance and real estate. Her focus is on demystifying debt to help ...

The amount you can borrow with a home equity loan depends on your home value, LTV ratio, CLTV ratio, and more. Learn how to ...

Some borrowers might choose to refinance to switch from an adjustable-rate to a fixed-rate mortgage or to tap into their home ...

Knowing the difference between the two is important for making informed mortgage decisions and choosing when and how to refinance. In this article, we’ll explain how second mortgages work and ...

Compare two options for accessing the cash in your home — cash-out refinancing or home equity loans — to pay for renovations, ...

You have the same payment for the life of the loan. HELOCs and home equity loans are like a second mortgage because your home secures them and is in second position after your primary mortgage ...

A cash-out refinance lets you borrow against your home's equity by replacing your current mortgage with a bigger one, giving ...

If you're saddled with a high mortgage rate, refinancing can get you a better rate and terms, help you pay off your loan faster or even enable you to convert your home equity into cash.

First, you could refinance into a conventional loan that won't charge private mortgage insurance (PMI) if you have at least 20% equity. Second, with an even higher home value, you can get more ...

If you're in the market for a new home, or you're thinking about refinancing your current mortgage, you may have faced some challenges. With high mortgage rates and a limited inventory of homes to ...

The 17.2% of mortgage borrowers nationwide with interest rates equal to, or greater than 6%, is the largest share since 2016, according to Redfin.