Comments on: Reasons to Refinance Your Mortgage

By: Lorena_Forex Broker

Lorena_Forex Broker — Mon, 15 Nov 2010 07:11:00 +0000

Nice write up. The rates are really low which make it more attractive.

By: Zoya_Cash Loan Payday

Zoya_Cash Loan Payday — Mon, 11 Oct 2010 07:21:45 +0000

Thanks for sharing wonderful information.Its help to cut down the amount of monthly payment that you make for your loan.

By: Patsy Snyder

Patsy Snyder — Fri, 08 Oct 2010 03:31:18 +0000

For long term, today, the historic low interest rates make a lot of sense. The fees to refinance may not be worth it for short term. Rates today make a refinance very attractive.

By: steven

steven — Sun, 26 Sep 2010 15:36:44 +0000

Interesting take on this issue. I for one have seen quite a few

twists on this and can usually spot the holes inside the arguement on the other hand, on this occasion I belelive your writing is such that every person must be in agreement with this. Thank you for sharing it with us.

By: Cheap Gatwick Airport Parking

Cheap Gatwick Airport Parking — Wed, 15 Sep 2010 14:12:35 +0000

The banks are tight right now, I have heard of Real Estate agents, that have lost sales, because the banks could not finance the transaction. It is really important to focus your money on what is needed.

By: Aprilette

Aprilette — Mon, 09 Aug 2010 05:43:08 +0000

This post gives a lot of advice on whether one should get refinancing or not!Glad you pointed out some great ideas on this topic!!!!

By: Note Buyer

Note Buyer — Tue, 06 Jul 2010 12:55:19 +0000

right now it is going to be extra hard to find some one to refinance your home — i would rather see you gather all the family around the table and say for the next 12 months we are going to get out act together and get out finances in order and to do that we are going to down size — we are just keeping what we need and nothing we want — such as interent service — cable tv — cell phones — and any other nice but not required items — i am sure you could save enough to get your selves back on your feet!!!

By: Palmdale Homes

Palmdale Homes — Tue, 29 Jun 2010 04:07:04 +0000

Refinancing does have a lot of advantages. It can have a great impact on a homeowner’s payments, even short term in the right circumstances.

By: Alex Smith

Alex Smith — Sat, 12 Jun 2010 09:18:07 +0000

The difference between credit card debt and a mortgage can, financially speaking, mean thousands of dollars, why?

By: Brad

Brad — Wed, 19 May 2010 03:16:01 +0000

I really like the nuance shown here in this article. There are a lot of factors involved in refinancing, and often it isn’t as clear cut as most people would think.
Obviously if you’re paying a ridiculous interest rate currently (over 7% or so), then refinancing likely will always be a good option (unless your mortgage balance is low I suppose).
Another factor to consider is that you start the amortization table all over again. This can be rather annoying, and mentally tough to get over.