Question by Olivia D: How do I know if mortgage refinance would be a good option for me?
Answer by Hannah E
Make sure that you compute for the overall amount of money that you would spend. Don’t just look at the interest rate. Source: http://www.whataboutloans.com/mortgage/mortgage-refinance-loans.html
What do you think? Answer below!
The only way to know is to evaluate the situation carefully. If you don’t understand how to make a thorough evaluation, ask for professional help. A CPA firm or attorney specializing in real estate can compare your current mortgage and the alternatives for refinancing. there is no point in making a decision that may turn out to be a financial mistake. Refinancing is not always feasible.
let us know some details about your scenario…. are you in a high interest now? has your credit improved, has value on your place gone up….
message me fi you want help with all the things you need to know to decide if it’s best for you or not.