Infographic – 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.
