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4 KEY QUESTIONS TO ASK BEFORE REFINANCING

By Ilana Polyak, CNBC.

Interest rates are at record lows. Should you refinance? You may want to refinance by shifting to a shorter maturity mortgage, said Mari. “By going from a 30-year to a 15, you might be cutting total interest costs by half,” Mari told financial reporter Ilana Polyak. Anyone with an adjustable-rate mortgage should also consider seizing the opportunity to lock in low rates. Check out this informative CNBC article full of pointers about what to consider before you refinance.  (Read the full article here)

16 Jan, 20