Mortgage Lender 360 Blog

A cash-out refinance lets you tap your home equity to get the cash you need. It can be a great way to pay for home improvements, consolidate debt, or make a large purchase.

How cash-out refinancing works

A cash-out refinance replaces your current mortgage with a new loan for a higher balance. Your new mortgage pays off your old one, and you receive the remaining loan... Read More

House hunting is a lot of fun. What a wonderful moment it is when you have finally found the home that you want. The one that fits your budget and your family. You are probably thinking that your shopping around is done. Only the first part is finished. Now you have to find yourself a mortgage with a mortgage payment plan that also fits your budget. You should have some... Read More

Homeowners 62 and older who have paid off their mortgages or have only small mortgage balances remaining are eligible to participate in HUD's reverse mortgage program. The program allows homeowners to borrow against the equity in their homes.

Homeowners can receive payments in a lump sum, on a monthly basis (for a fixed term or for as long as they live in the home), or on... Read More

Introduction

10 Steps to Home Sweet Home!

I am twenty five years old, and belong to a family of loan officers and a mortgage broker. I am the only sibling who has taken a different route. I watched in awe as they were quickly becoming very successful only a few years before. The market was soaring, and they even bought a few investment properties themselves. I was newly married and they pressured my husband and I... Read More

Paying off a home mortgage is always an event in a family's life that is celebrated on many levels because it signals a big accomplishment, which is to own the home free and clear. Carrying a home mortgage is a bit of a financial burden, especially as people age and have to live on a fixed income, so paying off a home mortgage before one retires can be a way to stretch the... Read More