038: Why you should refinance a mortgage?
Interest rates are extremely low these days. Why not consider refinancing your mortgage? Just last week alone I had 3 clients who were perfect candidates for mortgage re-financing and this morning, right before I recorded this episode I had a client call telling me about starting re-fi, with a 3.6% 30 year fixed rate and no closing costs.
A mortgage refinance can get you a lower monthly mortgage payment, a shorter loan term or cash back. All of these alternatives can save you money.
Here are a few benefits of refinancing:
- You can lower the interest rate
- You can shorten the loan term
- You can create more certainty
- You can take out a loan/use equity