Mortgages: The Free Refinancing Myth

Here is a great up to date mortgage article that can be helpful to anyone looking to refinance. The article provides some clear examples and scenarios that demonstrate the benefit of pursuing and investing in a low interest rate. Take this advice and don’t necessarily accept a high rate in exchange for a low closing cost – often times locking a smart, low interest rate will pay for any closing costs after a few short years, after which time you are saving hundreds of dollars per month.

http://www.credit.com/news/experts/2009-02-02/mortgages-the-free-refinancing-myth.html