When you bought your home, you took out a mortgage loan for the cost of your house. If it was your first home, maybe your credit score was lower, and you had a higher interest rate. If it was a few years ago, you almost surely had a higher interest rate, as current rates are at or near historic lows. Maybe you’ve put a lot of work into renovating your house, and it will appraise for more money. All of these are good reasons to refinance your mortgage as a physician. You’ve heard it can save you money, but what does refinancing your mortgage even mean? Read More “Physician Mortgage Refinance | Save on Closing Costs”
Tag: Home Refinancing
How Does A Cash Out Refinance Work?
Did you know that you can utilize the equity in your home to finance essential items like home renovations, repairs, or even college tuition? Indeed, it’s possible to refinance your home at a lower interest rate while tapping into the equity for a chunk of cash through a cash-out refinance. With home equity at record highs, you might be sitting on more cash than you think. Learn about cash-out refinances and how you can use this financial tool to pay for significant investments.