For many homeowners, a house represents more than just a place to live. Over time, it also becomes a financial asset as mortgage balances decrease and property values rise. When a major expense comes up—whether planned or unexpected—home equity is often one of the first resources people consider.

For many homeowners, refinancing sounds like an easy way to save money, lower payments, or free up cash. After all, as interest rates fall, why not replace your existing loan with something cheaper? A lower rate doesn’t automatically mean a better deal ...

Homeowners considering mortgage refinancing face interest rates that remain elevated compared to pandemic era levels, though recent months have brought modest relief. The current average refinance rate on a 30 year fixed rate home loan sits at 6.27% ...