12 Aug 2025
By Mark Feder

Cash-Out Refinance vs. Rate-and-Term Refinance: Which One Is Right for You?

Mortgage Tips
When considering refinancing your mortgage, two main options often come to the forefront: Cash-Out Refinance and Rate-and-Term Refinance. Both allow you to change the terms of your mortgage, but they serve different purposes and have distinct advantages. Understanding the differences between these two refinancing options is crucial to making an informed decision that best aligns with your financial goals. What Is a Cash-Out Refinance?A Cash-Out Refinance allows you to replace your existing mortgage with a new one for more than you currently owe. You receive the difference in cash, which you can use for various purposes, such as paying off…
Read More
08 Aug 2025
By Mark Feder

Why Retirees Are Taking Out Mortgages on Purpose

Mortgage Tips
For generations, the goal was simple, pay off your mortgage before retirement and enjoy your golden years debt-free. But today’s retirees are changing the conversation. More and more, homeowners in or near retirement are choosing to take out a mortgage on purpose, not out of necessity. And for many, it is a smart financial move. So why would someone take on a mortgage after age 60, 70, or even 80? The answer lies in strategy, flexibility, and long-term planning. Preserving Retirement Assets Many retirees live on a fixed income, often supported by savings, pensions, or investment accounts. Tapping into these…
Read More
07 Aug 2025
By Mark Feder

Your Mortgage Timeline, Backward

Mortgage Tips
For many homebuyers, the mortgage process feels like a maze. You know you want to own a home, but the path to get there can feel confusing. So let us try something different. Instead of walking forward through the process, let us walk backward, starting from the moment you get the keys and working our way to where you are now. Seeing it in reverse can help demystify the journey and show you how each step builds on the last. Closing Day: You Get the Keys This is the moment you have been waiting for. On closing day, all paperwork…
Read More
06 Aug 2025
By Mark Feder

From Divorce to Fresh Starts, the Mortgage Paths No One Talks About

Mortgage Tips
When people think about getting a mortgage, the story usually sounds the same, young couple, starter home, perfect timing. But real life does not always follow that script. The truth is, many people come to the mortgage process in the middle of a major life change. Divorce, job loss, rebuilding credit, or starting over later in life, these chapters are real, and so are the mortgage paths that come with them. If this is where you find yourself, you are not alone, and you are not without options. Divorce and the Next Chapter Divorce is one of the most common…
Read More