Pros and cons of refinancing your home

You've locked in a 30-year fixed-rate mortgage with an interest rate of 5%. That sounded great when you first got your loan, right?

But you hear that interest rates will start to drop, which gets you excited.

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Reasons not to refinance your home

The truth about refinancing your mortgage

Is it a good idea to refinance your home right now

Is refinancing a good idea car

Although you can keep up with your mortgage payments, locking in a lower interest rate may help you save some cash.

It makes sense to refinance and save with lower rates, right? That may be true, but there are many factors you need to consider before signing on the dotted line.

And there are cases when refinancing isn't the logical choice because it may have an impact on your financial situation.

Disadvantages of refinancing home loan

You might want to explore other real estate investment opportunities first. This article looks at four of the most common reasons why you shouldn't refinance your mortgage.