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The six questions you must ask before you refinance--and the answers that can save you a fortune!
Working as a loan officer, I've advised homeowners not to refinance, even though it meant forgoing a commission. To determine whether refinancing is a good financial move, you must look at all sides of the equation, not just the monthly savings. Here are the six questions to ask when you're considering a refinance....
If you liked this Element, read more from Carolyn Warren, including Homebuyers Beware: Who's Ripping You Off Now?--What You Must Know About the New Rules of Mortgage and Credit (ISBN: 9780137020164).
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