Deciding when to refinance your home loan depends on several factors besides whether you can get a better mortgage rate than you already have. And though there are many reasons people refinance their mortgage, some are smarter financial moves than others. For example: Using refinance savings on your mortgage payment to up retirement contributions or […]
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.