How does a mortgage loan modification work?

If you’re facing foreclosure or can’t make your mortgage payments, mortgage modification is a practical option if you need home loan relief. It can be a temporary or permanent way to avoid losing your home, but it doesn’t come without a few drawbacks, and not everyone qualifies.

5 reasons to get a cash-out refinance

As home equity continues to rise and mortgage rates continue to fall, there are several key situations when a cash-out mortgage refinance makes sense right now. But there are benefits and drawbacks to consider before you take action.