When most people refinance their mortgages, they’re doing it wrong. Let’s make sure you’re not one of them! We break down how refinancing works, when it’s a good time to refinance, and how to make sure you’re actually saving money and doing it right.
In this episode, you’ll learn:
- 5 reasons why homeowners refinance
- The dangers of refinancing
- The right and wrong ways to refinance
Research and resources from today’s episode:
- ClosingCorp Reports Average Mortgage Closing Cost Data (ALTA)
- America’s homes are bigger than ever (CNN Money)
- Amortization Schedule Calculator (Bankrate)
- Today’s Mortgage Rate are Down! (Quicken Loans)
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