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Mortgage Professor about Refinancing Your Home: | |||||||||||||||||||||||
Cash-out Mortgage Refinance or Home Equity Loan?
Column Delivered August 21, 2000, Revised September 6, 2002 ?I need $50,000 to remodel my house. Is it better to refinance my existing mortgage (with a balance about $140,000) into a new $190,000 mortgage, or should I borrow the extra $50,000 with a home equity loan.? ... more... Debt Consolidation With a Cash-Out Refinance August 21, 2000 ?I need $50,000 to refinance credit card debt. Is it better to refinance my existing mortgage (with a balance about $140,000) into a new $190,000 mortgage, or should I borrow the extra $50,000 with a home ... more... |
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Refinancing Your Home related definitions |
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Improvements
Improvements Home improvement is the process of renovating or making additions to one's home. Often, a professional handyman is hired to perform the improvements but, typically, most improvements are done on an amateur basis by the homeowner. Home improvement comes in many ... more... Vacation Home Vacation Home Vacation home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Vacation Home As Investment When market is ... more... |
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