Tag - refinancing

Should I Refinance Before Rates Go too High?

If you are among the nearly 87 million homeowners in the United States, at some point, you've probably thought about refinancing unless you've just moved into your new home. Refinancing does a lot of different things, and it all depends on why you are refinancing. If you purchased your home back in 2007 or 2008, it might be time to take a different look at your home loan. You might consider pulling some money out for home improvement, sending a kid to college, changing your terms or lowering your monthly payment. Refinances are still very popular. Over 7 million or [...]

When Does Refinancing Make Sense?

If you're considering a refinance you're probably doing your research beforehand, hence why you may have stumbled across this post. Refinancing a home loan can be a great idea for many reasons, pulling money out for remodels, lowering payments, or decreasing terms.  Refinancing too often is probably not the best idea because it's just not worth it and you may have a pre-payment penalty. However, if it's been at least 3-5 years since you obtained the original mortgage or a refinance, you may want to look into the possibility of a refinance and if it makes sense. Let's think about [...]

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