Should You Refinance Your Home? 3 Reasons You Should
Refinancing a mortgage isn't for everyone. Not everyone will qualify to refinance their mortgage, or refinancing may not put you in a better place financially. Just because your neighbor just refinanced doesn't mean it's the best thing for you. Refinancing should be done for a number of different reasons, but the bottom line is that refinancing should be done to put you in a better place financially. Whether that means you want a lower mortgage interest rate, a lower payment, or some extra money in your pocket from the equity you have in your home, if you are refinancing, it should benefit you.