JASON DOLINSKI

And before they change, many homeowners have been taking advantage of the benefits of cash-out refinancing. To give you the gist, cash-out refinancing is when you replace your current mortgage with a new one that has a larger outstanding principal balance, and you get the difference in a lump sum of cash.

Looking to buy a new home but struggling with down payment or closing costs? You're not alone. Luckily, there's a solution: Freddie Mac BorrowSmart®.

The mortgage process can seem both confusing and overwhelming. That’s understandable because buying a house may be one of the most important and biggest purchases that anyone will ever make.