Summit Real Estate Blog

Cash-Outs Trade Money for Equity

Cash-Outs Trade Money for Equity

Question: We are interested in doing a “cash out” refinance on our home. Are there any risks involved with this type of refinancing? Answer: Cash-outs involve refinancing an existing mortgage and trading in home equity for cash. This option is ...

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Internest sites tthat compare different loan scenarios

Internest sites tthat compare different loan scenarios

Question: We are shopping for a loan and would like to be able to compare different loan scenarios. We want to establish the true cost of the different loans that are available. Do you know of any site on the Internet where we could do this? Answer: ...

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Help for first-time homebuyers with financing terminology

Help for first-time homebuyers with financing terminology

Question: We are buying our first home and are very confused about the financing terminology. Could you give us some help?  Answer: First-time homebuyers might find financing terminology to be very confusing. One of the most important elements of ...

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What Fed cuts really mean for mortgages

What Fed cuts really mean for mortgages

Commentary: Average rates on mortgages unchanged in recent surveysAccording to Lou Barnes with Inman News, contrary to the conviction of deeply confused civilians and reports by lazy news media, mortgage rates are unchanged, about 5.75 percent for ...

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