Latest blog posts

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  Home Equity HECM vs. HELOC: which should you choose?

  Homeowners often need to borrow against their home equity, often to pay major expenses such as home repairs, medical bills or their children’s education.

  

  Hannah Friedman, Sr. Content Manager  article author

  December 10, 2019
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  Mortgage Refinance Should I refinance my mortgage?

  As markets change, interest rates move up and down. When rates are moving down, people may be inclined to refinance higher-interest loans, replacing them with new loans at a lower rate and with a new lower monthly payment.

  

  Figure Technology Solutions, Inc. Editorial Team  article author

  December 3, 2019
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  Debt Debt consolidation vs. bankruptcy: Which is the best option for me?

  Debt consolidation is the use of a larger loan to pay off smaller loans. Some homeowners consolidate their debt through a home equity line of credit; others get a second mortgage.

  

  Figure Technology Solutions, Inc. Editorial Team  article author

  November 15, 2019
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  Student Loan Refinancing How do I refinance my federal student loans?

  Consider refinancing your federal student loans if doing so will get you a lower interest rate. Even if the interest rate isn’t lower, refinancing may still make sense if it allows you to consolidate multiple existing loans into a single loan.

  

  Figure Technology Solutions, Inc. Editorial Team  article author

  November 14, 2019
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  Tools And Guides How do I refinance my medical student loans?

  The first step in refinancing a medical student loan is to ensure it’s the right move for you. Remember that you will lose the advantages of forgiveness and income-based payments when you refinance a federal loan through a private lender4. If you have a mixture of federal and private loans, you may want to consider refinancing only the private loans.

  

  Figure Technology Solutions, Inc. Editorial Team  article author

  November 13, 2019
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  Tools And Guides What is private mortgage insurance?

  Like other types of mortgage insurance, private mortgage insurance (PMI) protects the lender in the event the borrower stops making payments on the loan.

  

  Hannah Friedman, Sr. Content Manager  article author

  November 12, 2019
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  Tools And Guides How long does mortgage underwriting take?

  The mortgage underwriting process can be complicated for first-time home buyers. Knowing more about underwriting can help make the home purchase process easier and less mysterious. Here's what you need to know.

  

  Hannah Friedman, Sr. Content Manager  article author

  November 7, 2019