How does refinancing save homeowners money?

Question: How does refinancing save homeowners money? There are two categories of refinancing, “rate-and-term” and “cash-out.” Both can save you money. The first type, rate-and-term, replaces your existing loan with one that has a better rate and/or terms. You might replace an ARM or balloon loan with a fixed-rate loan, for example. Or you mayContinue reading “How does refinancing save homeowners money?”