Published On Premiered Aug 3, 2020
Money Myth Busters: Myth: Interest rates are SO LOW, so I should refinance, RIGHT?
- Lower interest and lower payments don’t always equal savings if you’re resetting the payoff clock.
- Points aren’t always a bad thing if they buy you a big enough rate discount.
- If you’re refinancing just prior to moving, watch out for lender enforced owner-occupancy requirements.
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