If you purchased your house years ago, you might be wondering: is now a good time to refinance?
You’d think the answer would be simple: getting a lower interest rate on a loan is better, right?
However, the right choice really depends on your situation. And with the way fees and mortgage interest work, a refinance is often a bad deal for a homeowner.
We made a short video walking through the key questions you need to ask before jumping into a refinance.