You want to get out some of the equity in your home or you want to
lower your mortgage payments; should you refinance your mortgage?
The question is asked often. Often by people who know the answer but want reassurance.
If you’re not among those, if you’re among those for the first time
asking, here’s some information for you that might be useful.
As mentions above, people refinance for 2 reasons. When they want a
better interest rate, it is called Rate-in-Terms Refinance (it would be
called the same even if the rate were worse, but why would you do it?). … More