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...Refinance my home?
My youngest son recently purchased a home in a neighboring State. He and Sarah are both very excited with the purchase and the home as they thought it may have taken quite a while before they could purchase. BUT, as life has a habit of doing, circumstances changed suddenly and they were now able to purchase. They paid a bit higher interest rate and have been working to raise their credit scores so it's over 700. They heard on the news that rates may be going down and they asked, "Dad should we refinance now?" "That's a good question", says I and we spoke about refinancing. I also shared this article the folks at KCM put together.
Should I Refinance My Home?
With the recent lower interest rates, many homeowners are wondering if they should refinance.
To decide if refinancing is the best option for your family, start by asking yourself these questions:
Why do you want to refinance? There are many reasons to refinance, but here are three of the most common ones:
Lower your interest rate and payment – This is the most popular reason. If you have ... more
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