The Impact of Mortgage Refinancing on Your Net Worth
We’ve often seen consumers go ahead with refinancing mortgages for lowering monthly payments without thinking about its effect on their net worth. Since a mortgage is an instrument of debt which is used for financing an asset, it appears as a liability on the balance sheet of a household. So to determine the net worth […]
Refinancing Infographic
Check out this cool refinancing infographic from Economy Watch:
Is the Cost of Refinancing Worth It?
Refinancing can be a great move for many homeowners. It can pay off existing mortgages, some closing costs, and can even return equity to you. However, you probably know that there are costs to refinancing that can make you wonder if it’s really worth it in the long run. If you’ve been informed that the […]
