Homeowners don't always consider how refinancing can affect their home as an investment. Here, we break down the main factors on what you should consider when looking into a refinance and what your strategy should be in refinancing, when looking at your home as an investment.
Who wants to pay more when you can pay less?
It's worth looking into reducing your mortgage payments. But, be aware that there are sometimes trade offs in getting a lower mortgage payment that can actually cost you more money than you save.
Are refinancing concepts confusing you? Learn what things like "rolling fees in" mean and why you should never use a "break even" formula when deciding on refinancing.