Refinancing Your Mortgage
- As mortgage rates lower it might be wise to investigate a better interest rate on your current mortgage. Take into account closing cost, points, fees, lower monthly payment, etc. to find out if you will save over the term of the new loan against your current one.
- If you choose to refinance your mortgage, make sure to apply the difference of your previous and new monthly payment to the new mortgage. This will save you thousands of dollars over the life of the loan.



