Practically everyone has refinanced or thought about it at one point in time. We’ve seen the dozens of commercials that urge us to do it. With rates at record lows over the past few years, refinancing has helped many borrowers lower their monthly payments.
Refinancing your mortgage can be a very hard and confusing experience. When you’re making your decision, there are several things to keep in mind.
First, even a small rate cut can pay off quickly.
Second, if you ar…