Cash-Out Refinance: What It Is And How It Works

A cash-out refinance is a financial strategy that allows homeowners to tap into their home's equity by refinancing their existing mortgage for an amount greater than what they owe on the property. The homeowner receives the difference between the new loan amount and the existing mortgage balance in

Mortgage Rates Retreat, Drop to 7.18%

After hitting a 20-year high last week of 7.23%, the average rate on a 30-year, fixed-rate mortgage has retreated to 7.18%. This is great news for both buyers and sellers in the real estate market. For buyers, the drop in mortgage rates means that they can potentially qualify for a larger loan amou