Robyn Murray

If you’re interested in purchasing a home to rent out, it’s essential to understand that rental property loans have different requirements than mortgages for personal homes. ... read more

When you lock in your mortgage rate, you protect yourself if interest rates go up before you close on your new house. However, mortgage rates can move down, too. If you’ve already locked in your rate and interest rates fall, you may have to pa... read more

Home prices have risen rapidly in recent months, and many homeowners are weighing a cash-out refinance vs. a HELOC to tap into their growing equity. Both a cash-out refinance and a home equity line of credit (HELOC) allow you to take money out of yo... read more

If you have enough equity in your house, you can use a cash-out refinance to make a large withdrawal. With a cash-out refinance, you replace your current loan with a new larger mortgage and take the difference between the two in cash. You can use ca... read more

If you have a home equity line of credit (HELOC), it may be possible to refinance the loan if needed. Depending on your financial situation, refinancing may give you more time to repay the loan or help you get better terms, such as a lower monthly p... read more

A home equity line of credit (HELOC) is a second mortgage that operates similarly to a credit card. It allows you to tap the equity in your home on an as-needed basis. Since this line of credit is secured by your home, it usually comes with a lower ... read more