Refinancing 101 Decision Tree [Plain Text]
Tagged as: Homeownership
Is refinancing right for you?
QUESTION 1: Can you save at least 1 percent on your mortgage interest rate?
QUESTION 2: How long do you plan to stay in your home?
QUESTION 3: Do you want to access the equity in your home?
QUESTION 4: How has your credit score changed since receiving your current mortgage?
QUESTION 5: Are you interested in a mortgage that offers a different repayment length, or a fixed vs. variable rate?
QUESTION 6: Can you afford to cover closing costs?
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