refinancing Archives

Tips

Avoid PMI When Refinancing: Ultimate Guide to Saving Money

ByBianca February 15, 2025

Refinancing a mortgage can be a great way to lower your interest rate, shorten your loan term, or cash out some of your equity. However, if you don’t have 20% equity in your home, you may have to pay private mortgage insurance (PMI). PMI is an insurance premium that protects the lender in case you…

Tips

5 Insider Tips on How to Avoid Closing Costs When Refinancing

ByBianca February 13, 2025

Refinancing a mortgage can be a great way to save money on your monthly payments or get cash out of your home equity. However, closing costs can add up quickly and eat into your savings. There are several ways to avoid or reduce closing costs when refinancing, including: – Shop around for lenders: Lenders vary…