Monthly Archives: May 2020

Why Should You Consider Borrowing Against Home Equity?

Home equity refers to the difference that exists between your home’s value and the balance that is unpaid in your current mortgage. In simpler words, consider that you have a house that is worth $400,000 and the mortgage that you owe on the house is around $300,000. Therefore, the home equity that you enjoy would…

Things You Need to Keep in Mind While Refinancing Your Home

Refinancing your home might be the best choice you take when it comes to tackling certain upgrades or renovations that require immediate investment, lest you want your house to crumble down. You have the option of borrowing as much as 80% from the appraised value you have for your home, while deducting that amount that…