hin255 / Deposit Photos
Just as deciding when to take advantage of 4th and goal, refinancing a home has many opportunities and pitfalls.
The reason you might consider a refinance is that you want to pay less interest. Or, if you need to put some money towards another expense, you can take some money out of your house. It’s even possible you want to shorten your term.
Get The Full Walter Schloss Series in PDF
Get the entire 10-part series on Walter Schloss in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.
Q4 2022 hedge fund letters, conferences and more
Comus Investment – Q4 Performance Update
Comus Investment, LLC performance update for the fourth quarter ended December 31, 2022. Q4 2022 hedge fund letters, conferences and more Dear Partners, In the fourth quarter of 2022, our investments experienced a total return of 12.23% before fees and 11 . . . SORRY! This content is exclusively for paying members. SIGN UP HERE Read More
Find A Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
These are all good reasons to refinance. However, if you want to maximize these benefits, as well as take advantage of the current market, which favors refinancers since mortgage rates are at record lows, you could make a hasty decision that’s not right for you.
Considering a home refinance now? Here are twelve costly mistakes you should avoid so you can score a touchdown with a refi.
Taking only interest rates into account.
Whenever interest rates drop, many people think about refinancing. A lower interest rate might lower your monthly mortgage payment, but there are other things that will affect it. For example, there might be a drop in interest rates, but are they below what you financed your home at? Did your credit score drop since you first financed your house? Can you cover closing costs with your savings?
Remember, getting a refinance is like getting a new loan. That means you’ll have to pay closing costs and your lender will look at your credit score. Therefore, before you refinance, make sure you compare your current interest rate …….