Refinance Home Mortgage Pros & Cons
Автор: Scott Sierens, CFP®
Загружено: 2020-08-11
Просмотров: 233
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Is now a good time to refinance your home mortgage? In this video, I discuss the pros & cons. You’ll find mortgage refinance tips and questions that we go through with clients to help you make an informed decision
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If you purchased your house years ago, you might be wondering: Is now a good time to refinance my mortgage. You may have started with a 30-year mortgage and wonder should I refinance to a 15-year mortgage? This video is a mortgage refinance guide and tips to help you make an informed decision.
Depending on your situation, mortgage interest rates today, and mortgage refinance fees, it could be a good decision, but often times it can also be a bad deal for a homeowner. Some key questions to consider:
1. How long is the new mortgage term?
2. What are you going to do with any money you take out or save in mortgage payments?
3. What is the cost of the mortgage refinance and how long do you plan to live in your house?
4. What else is going on in your financial life?
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