Question by : What is the simplest way to explain mortgage refinancing to a client?
Answer by hirebookkeeper
Put it as simple as possible.
Maybe write it down on paper, the numbers, the percentages etc.
Try Wikipedia for information.
Know better? Leave your own answer in the comments!
Depends on whether you are trying to help them save money , or wanting to dupe them into bankruptcy.
You would find out from them what they are paying for Interest and show them what benefit a lower interest rate would do for them. I’m talking a fixed interest Rate with no surprises. Plan and simple. no fine print .