An interest-only mortgage gives you the option to pay just the interest for the first several years of your loan term—typically five, seven, or ten years. During this time, your monthly payments are significantly lower than they would be with a fully amortizing loan. That freed-up cash can be reinvested into your business, used to […]
If you already own a home, you may be sitting on the key to your next one—your equity. Instead of waiting to save for a new down payment, many homeowners use a refinance strategy to unlock cash and keep things moving forward. Whether you’re moving up, downsizing, or buying an investment property, refinancing your current
Your home has equity — and maybe a lot of it. The big question is: Should you tap into it? And if so, should you refinance your whole mortgage or open a HELOC instead? Both options have pros and cons, and the right one depends on your current rate, your cash needs, and your long-term
For most Americans, a mortgage isn’t just a way to buy a home — it’s the most powerful financial tool they’ll ever use. But here’s what most people never realize:The wealth is in the leverage. When used wisely, a mortgage gives you access to something far more valuable than a house — it gives you
Let’s be real — paperwork is the part nobody loves. But here’s the good news: it’s easier than you think. And with Stairway, you’ll never feel like you’re doing it alone. We’ll walk you through every step and tell you exactly what’s needed — no guessing, no overwhelm. The 5 Essentials You’ll Almost Always Need
We could throw stats at you… But what really matters is this: real people are winning with Stairway Mortgage. Not just lower payments — but clearer plans, smarter structures, and a true sense of progress. Here are just a few of their stories. Meet Amanda – The Debt Consolidator Before: Amanda was paying $2,500/month across
As a homeowner, your equity is a powerful tool. But when it’s time to tap into it — especially in retirement — how you access that equity can make all the difference. Two of the most common options?A Reverse Mortgage and a Home Equity Line of Credit (HELOC). While they might seem similar on the
Most people think refinancing is just about chasing a lower rate. But the truth? It’s one of the most underused tools for building wealth, reducing risk, and creating long-term financial freedom. At Stairway Mortgage, we don’t just look at what a refinance can save you today — we help you understand how it can serve
You’ve built equity in your home — that’s great.Now you want to put that equity to work, maybe for: Paying off debt Investing in another property Funding a renovation or business venture But there’s one thing you don’t want to do:Risk losing your low rate mortgage in the process. Good news — there are safe,
1. A HELOC Works Like a Credit Card, Not a One-Time Loan A HELOC (Home Equity Line of Credit) gives you access to a credit line you can draw from as needed—similar to a credit card. Instead of getting a lump sum upfront like a home equity loan, you: Borrow only what you need, when you need it Make
1. You Borrow Against the Equity in Your Home Home equity is the difference between your home’s current value and what you still owe on your mortgage. A home equity loan lets you borrow a portion of that difference—often up to 80-85% of your equity. But remember: you’re using your home as collateral, which means if you