Should We Fear the Surge in Cash-Out Refinances?
Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopedia, is: “a mortgage refinancing op
What Credit Score Do You Need for a Mortgage?
According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While s
![Americans See Major Home Equity Gains [INFOGRAPHIC],www-ingridcenteno-com](https://img.chime.me/image/fs/chimeblog/wp-migration/9843/20260608/16/w600_original_868f055f65404486b79436c18e7cfab1.jpg)
Americans See Major Home Equity Gains [INFOGRAPHIC]
Some Highlights Today’s home price appreciation is driving equity higher throughout the country.If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move.Now is a great time to put your equity toward a down payment on the home of your dreams
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