Some of the old rules of thumb for a mortgage refinance no longer apply. In particular, for those with 20% equity in their home, you can cost effectively refinance with relatively easy math. Check out the article below detailing some simple rules to follow: http://www.brightscope.com/financial-planning/advice/article/16997/Mortgage-Refinance-Old-Rules-No-Longer-Apply/
“Put” on Interest Rates – The 30 year Mortgage
The 30 year mortgage offers a valuable put for investors. Often times, a mortgage is a large tool that can help in uncertain interest rate times. The 30 year mortgage allows you to benefit if rates move up or down. 1) If rates rise, simply keep your mortgage and be thankful that you have a […]