A Guide to Help You Weigh the Pros and Cons.
Nothing holds us down like a monthly payment. Credit cards, auto loans, mortgages – the bills come in and the money goes out. It’s hard to get ahead that way, which is why people look for methods for reducing their debt and shrinking their monthly obligations.
Mortgages are particularly oppressive loans because they last for so long, often several decades. Making long-term plans for the future isn’t easy with what feels like a never-ending commitment. Perhaps that’s why so many homeowners decide to refinance.
Mortgage Refinancing is wildly popular in the United States. In fact, most analysts say it’s too popular, since it doesn’t always work out in the homeowner’s favor. The idea is to change the terms on a mortgage – a longer loan with a lower monthly payment, for example, or maybe the opposite: a larger payment in exchange for an earlier payoff date and/or lower interest rate. But it doesn’t always pay off. GET THE ENTIRE EBOOK BELOW.