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Question

Refinancing my mortgage

Description
I have often heard advice asking me to refinance my mortgage. Is there any specific benefits in doing so?


Answers

petty

Why should you go for a mortgage refinancing? The answer is simple - To reduce your interest cost. And it is not just that. You can also extend your loan back to 30 years and that is definitely advantageous. I would advise you to consult a professional financial consultant to advise you on your next move. 



Jake Little

Only if it save you money. My own expereince over time is that I save money when opt for the lowest rate and short term. Some people do the opposite.



earnest

You can refinance for 2 reason: to use the equity on  your home or to redo your mortgage loan to reduce your interest rate and therefore reduce the amont of you loan



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