Tips For Home Refinancing
As mortgage rates hit a record low, many Americans are considering refinancing their homes. According to the Mortgage Bankers Association, refinance applications are up 111% over this time last year likely because this is a way to free up cash during the recession. However, before refinancing, make sure it makes sense to refinance based on your anticipated timeline for staying in your home. And keep in mind, those with the best credit scores get the best interest rates.