Even when rates are low, refinancing your mortgage isn’t always the right choice. Here are some points to consider before you refinance.
Holy cow are mortgage rates low. Still. And they don’t seem to be going anywhere. So, you’re wondering: Should I refinance now? It all depends on whether you’re eligible and just how much you’ll save. Are You Eligible to Refinance? To be eligible to refinance, you need: Equity. You can’t refinance if you’re underwater. Like […]
Mortgages are complicated. Looking to swap one mortgage for another by refinancing? They get even trickier. So it pays to understand how the mortgage refinance process works and when refinancing is a good idea (and when it’s not) early in life. That is, even before you buy your first home.