For the homeowner who has been waiting for interest rates to come down before refinancing, it can feel like a frustrating time. If you can’t — or don’t want to — wait, tapping your home equity may be a viable alternative. Learn More: 6 Hidden Costs of Homeownership That Can Wreck Your Budget Find Out: 3 Advanced Investing Moves Experts Use to Minimize Taxes and Help Boost Returns “For homeowners who have built up significant equity, a cash-out refinance may be your best option,” said Scott Bridges, chief ...

The Yahoo Finance View: BMO is worth a look if you need to tap your home equity or are looking for a low-down-payment lender. The mortgage lender offers various borrower incentives and types of home loans. BMO (previously BMO Harris) is a mortgage lender operating in the U.S. and Canada, offering a wide range of traditional and specialty mortgage options, including conventional, FHA, home equity, 1%-down, and physician loans. The company offers plenty of borrower incentives, such as rate discounts for ba ...

The Yahoo Finance View: TD Bank offers a wide range of mortgage products for all types of borrowers and financial goals, and it charges lower mortgage rates than many competitors. However, its 15-state footprint makes it an option for only a small segment of borrowers. TD Bank is a regional bank and lender offering a wide range of mortgage products. It operates in 15 states and Washington, D.C. Borrowers will find several down payment assistance options at TD Bank, with physical branches (in states where ...

The Yahoo Finance View: Flagstar Bank is a mortgage lender offering a comprehensive range of purchase and refinance mortgage products. In addition, Flagstar offers several assistance programs and other appealing loan options for first-time home buyers. Flagstar Bank is a solid choice when it comes to mortgage lending. It has a large shelf of loan products, including mortgage options for borrowers with bad credit. One of the best features we found is an interest rate tool that provides a realistic estimat ...