With interest rates so darn low, and with a tough economy, we all need a breath when it comes to money, so it may be advantageous to refinance your mortgage.
I recently discovered Easy Home Refinancing products that allow you to refinance with very low closing costs. Each mortgage bank is different, so check with the banks about their various offerings. If you are plan to stay in your home for a while, this may be a great option for you to save big money over the long haul. And you can use the extra cash to:
- Pay down on your principle
- Save for a down payment on a new home
- Save for your child's education
- Go out to eat more often
- Take a vacation
It is definitely worth the time to explore how much you can save by refinancing.