Will refinancing my mortgage save me money given the current rates out there?

Question by Mickey O: Will refinancing my mortgage save me money given the current rates out there?

Best answer:

Answer by J M
it would depend on your credit, the type of loan you want, and of course the current rates. your old payment may have a balloon payment on the end so your monthly seems alittle lower or your are not on a fixed rate and the payments can change. you will need to investigate your options. keep in mind if you don’t have a balloon payment on the end that you may pay alittle more a month. but might be less then the balloon in the long run.

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