Refinancing Pros and Cons
With benchmark 30-year mortgage rates dropping to record lows, homeowners across the country may be wondering whether now's the time to refinance. There are often many compelling reasons to refinance your mortgage, not the least of which is saving money on your monthly mortgage payment. However, there are also a few instances when it's not the wisest move. To help sort through it all, we asked financial experts across the country to weigh in on how to decide whether refinancing is a smart move.