Misconceptions About Refinancing

The usual refinancing rules of thumb are arguably wrong. For example, you actually don’t know whether you’ll save money if you refinance when interest rates drop more than 2%. Read more »

Typically, as mentioned above, a person’s largest single financial commitment is a mortgage. When you add up the payments you are agreeing to make over 30 years on an 8% hundred thousand dollar mortgage, for example, you are agreeing to more than a quarter of $1 million and payments. Read more »