Knowing the equity in your home is a good starting point. If your house is worth less than it was when you began your mortgage, then it might not make sense to refinance. During the middle of 2021, consumer confidence had risen to its highest level since COVID-19 began. According to CoreLogic, many homeowners have seen large increases in their equity. Homeowners with at least 20% equity will have an easier time qualifying for a new loan.
Over recent years, lenders have tightened their standards for loan approvals. ...
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