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...]
Is Refinancing Worth It?
As rates are low, many people are trying to figure out if refinancing makes sense in their situation and it can be a challenging task if you do not understand what to calculate. Here is at least one way to figure out if refinancing makes sense -- focus on the net benefits of refinancing from the standpoint of lowering your interest rate. Although there are several reasons to do an AZ … [Read more...]