Standard Mortgage Blog

Legends, myths, old wives’ tales; whether you’re talking about Big Foot, the Loch Ness Monster, or how long you should wait to swim after eating, understanding what’s true and what isn’t can save you a lot of time, and more importantly money. When it comes to your home, time and money are two significant things. This is why distinguishing facts from myths about the process of a cash-out refinance..

Legends, myths, old wives’ tales; whether you’re talking about Big Foot, the Loch Ness Monster, or how long you should wait to swim after eating, understanding what’s true and what isn’t can save you a lot of time, and more importantly money. When it comes to your home, time and money are two significant things. This is why distinguishing facts from myths about the process of a cash-out refinance..

Building up equity in your home takes time and hard work.  Each mortgage payment is an investment.  Based on how many payments you’ve made, and the appreciation in value of your property, you may be sitting on a significant pile of cash.  According to themarketplace.org, between 2006 and 2018, U.S. mortgage holders have amassed over $6 trillion in equity, the highest total since 2005. Having the..