When and Why Should Homeowners Refinance?

Refinancing can be great for those in certain circumstances, but there are definitely limitations as to when this option makes sense. Today, let’s take a look at when it is (and isn’t) a good idea to refinance. First, we’ll list three instances when refinancing can be beneficial, one of which being if you want to eliminate mortgage insurance or reduce your interest rate. After we cover those points, though, we’ll review a couple of scenarios in which refinancing is not the right move. To learn more, watch this short video.