Can I use a cash-out refinance to buy a second home?

Learn what negative amortization is, how it increases your loan balance over time, and the financial consequences of unpaid interest on your mortgage. Read more

Explore whether you can transfer your current escrow account when funding a new loan, how servicers handle any balance, and the timeline for receiving it. Read more

Settlement costs (also known as closing costs) are the fees that the buyer and/or seller have to pay to complete the sale of the property. Depending on the lender, these may include origination fees, credit report fees, and appraisal fees, as well as property taxes and recording fees. Read more