With Mortgage Rates So Low, Is Now a Good Time to Refinance?
There’s no doubt mortgage rates are at an all-time low, and many people are using these low rates to refinance their homes. In the first half of 2021, borrowers saved over $2,800 annually in mortgage payments by refinancing, according to research by Freddie Mac. There are many reasons to refinance your home loan; continue reading to find out if refinancing may be the right option for you.
Would You Like To Be Debt-Free In 7 Years?
What would you do if you didn't have a house payment? Save more for retirement? Increase your savings or emergency fund? Pay for your children's college? If this sounds alluring, then consider refinancing your home to a 7-year mortgage.