When Should Borrowers Refinance Their Mortgages?

Should mortgage shoppers hurry to beat more increases? If you want to buy a home, should you get a move on? Is this the last best chance to refinance? What’s best, a 30-fixed loan, a 15-year, or an adjustable-rate deal?

Making the wrong step could add tens of thousands to your costs over the years. It could diminish the home’s value as an investment, leaving you with less to pass on to heirs or to tap in retirement. READ MORE

Via MSN/USNews

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