MAKING SOUND MORTGAGE DECISIONS
BUY A HOME
Pride of ownership is the number one reason why people yearn to own their home. Over the years, real estate has consistently appreciated. There are mortgage interest deductions that help at tax time, and capital gains exclusions up to $250K for individuals and $500K for married couples.
Home Equity Loan vs. Cash-Out Refinance: Ways to Tap Your Home's Value. Although the loans are similar, they're not the same. If you already have a mortgage, a home equity loan will be a second payment to make, while a cash-out refinancere places your current loan with a new term, interest rate and monthly payment.