Know If You Should Refinance Your Mortgage

Before you refinance, it is important to be knowledgeable about all factors. Be sure to get a few interest rate quotes to make sure you get the best rate. If you are unsure if you are being offered a good rate, compare your loan’s APR with the weekly Bankrate national average. In previous years, experts would advise refinancing only if you planned on staying in the home long enough to recoup the closing costs. Now, obtaining a lower interest rate is the main reason you may want to refinance-to increase your interest savings. Read the full article here: