Helpful Mortgage And Real Estate Advice

Infographic – Should I refinance My Mortgage?

By Jessica Lucas on November 13, 2013 in Mortgage Infographics

should i refinance my mortgage

Before refinancing your mortgage, you must ensure that you are doing it when mortgage rates are at a low. With a current interest rate at less than 5%, a refinance may not be worth it. Also, factor in the length of time in which you will be staying in your home in addition to your refinance, without an additional 2-3 year stay in your home, you may not be able to afford the cost of a refinance.

Tags: FAQ, HARP Refinance

About the Author

About the Author: Jessica Lucas is the managing editor for Mortgage Home Base, a top real estate finance blog dedicated to helping borrowers and home buyers understand the home loan process. Follow Jessica on Google +, and share your comments here. More from this author.

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