This Element is an excerpt from Homebuyers Beware: Who’s Ripping You Off Now?--What You Must Know About the New Rules of Mortgage and Credit (ISBN: 9780137020164) by Carolyn Warren. Available in print and digital formats.
The six questions you must ask before you refinance--and the answers that can save you a fortune!
Working as a loan officer, I’ve advised homeowners not to refinance, even though it meant forgoing a commission. To determine whether refinancing is a good financial move, you must look at all sides of the equation, not just the monthly savings. Here are the six questions to ask when you’re considering a refinance....
- Title: Is Refinancing the Right Financial Move for You?
- Release date: February 2010
- Publisher(s): Pearson
- ISBN: 9780132475617