What Does It Mean to Refinance a Mortgage?

Birds Eye view of a suburban neighborhood

Let’s start with the basics. Refinancing simply means that you’re replacing your existing loan with a new mortgage. Reasons for Refinancing a Mortgage If you’re considering refinancing, your reasons may include: A lower interest rate Shorter (or longer) term to pay off the loan or cash out equity Changing the type of mortgage (you may…

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4 Ways to Protect Yourself from Financial Abuse

Two foxes fighting with their mouths open

Even if you are doing all you can to manage your money, we know there are some circumstances where your bank, job, or landlord may be taking advantage of you. These situations can be financial land mines, so it’s crucial to know your rights and get help if you need it. Let’s take a look…

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