3 Things To Know Before Refinancing Your Mortgage [G7741fro39V]

Published in Everyday Knowledge

Thinking about refinancing your mortgage? Before you take the plunge, check out this video! 🏠 1. Know that refinancing isn’t free. Expect to pay about 2%-5% of the loan amount, which can range from $10,000 to $25,000. 2. You have the option to reset your mortgage term. Choose between 15 or 30 years. 3. Consider locking in your interest rates or opting for a fixed-rate mortgage. Deciding whether to refinance involves several factors, so make sure to weigh all these considerations otherwise it could end up costing you more in the long run. -Steve Follow me @calltoleap Follow me @calltoleap for more money insights! Follow me @calltoleap for more tips on investing! Join my Beginners Investing Master Class on November 12th at 5:30 PM PT—sign up through the link in my bio! 🔥 #money #investing #finance #personalfinance #mortgagerates