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A Guide to Refinancing Your Mortgage: When and How to Do It

Mortgage refinancing is the process of paying off an existing mortgage loan with the proceeds from a new mortgage loan. The new loan typically has different terms from the original loan, such as a lower interest rate, shorter loan term, or…

Understanding Home Equity Loans: Interest Rates and More

A home equity loan is a type of loan that allows homeowners to borrow against the equity they’ve built up in their home. Equity is the difference between the current market value of the home and the outstanding balance on the mortgage. …