Post by mattcathes on Jan 27, 2021 2:52:13 GMT
One of the main reasons for a person refinancing a mortgage is to net a lower monthly payment. Before refinancing, it’s best to check the most current mortgage rates to make sure they’re lower than your current rate. Even a difference of a single percentage or two can make quite an impact on your financial future. We’d like to point out here that there are fees involved with refinancing, so make sure you’ll be able to recoup the cost of those fees, which you can do simply by occupying your home for as long as possible.