Refinancing is becoming a volatile endeavor for homeowners. Mortgage rates have continued to plummet, allowing many homeowners to undergo a period of constant refinancing to cut the extra dozens – to hundreds – off their mortgage payment. However, it’s never as cut as dry as simply seeing a low interest rate and then jumping to refinance with your mortgage. Depending on what kind of loan you … [Read more...]
Should You Refinance? 4 Possible Reasons Why It May Make Sense
A mortgage is generally the largest debt most homeowners have to manage. It's a good idea to give your personal real estate finance portfolio a check-up at least once a year. Since there are many reasons a homeowner may choose to refinance, we'll take a look at the four most common. 1. Mortgage Rates Drop: Typically, the most common reason that homeowners refinance their mortgage is to … [Read more...]