Understanding Refinancing
As the mortgage interest rate landscape changes, make sure you are up to date about your options around Refinancing.
While a “refi” may seem like a no-brainer for many homeowners, it can be confusing to weigh immediate savings vs. long-term implications. In general terms, a refinance occurs when a debtor chooses to revise the interest rate, payment schedule and terms of an existing credit agreement. While there may be other reasons to refinance – a change in salary or other personal financial circumstances – a substantial change in the interest rate environment is the typical reason.
Get Educated about Refinancing
Link to Debunking The Most Common Mortgage Refinancing Myth Debunking The Most Common Mortgage Refinancing Myth
If you are currently shopping for a home and a mortgage you may have received a special offer for a free refinanc
Link to Refinancing Revisited: Weighing the Pros and Cons Refinancing Revisited: Weighing the Pros and Cons
The low mortgage rate environment led to a refinancing boom in 2020, and the trend is likely to continue with rates holding steady at all
