Carolyn Cardoza

When refinancing a home, it is necessary to purchase a new lender's policy because the term is for the life of the loan. In refinancing, one loan is replaced with another.

The ultimate goal for an owner should be to maximize their proceeds of sale in the most efficient manner.

Regardless of which method you use, you need to verify that the lender is applying the additional amount to the principal reduction.

Last year single females accounted for 19% of first-time buyers and 17% of repeat buyers; both groups considerably larger than single males.

Contact your real estate or mortgage professional to learn about what might be best for you.

Legal and/or tax advice would be beneficial to know what alternatives might be available.