These days, not only are we experiencing record low interest rates, we are also seeing home prices that are constantly on the rise. And this has created a perfect storm for people wanting to refinance their mortgage – for a number of reasons.
Although it is obvious to mortgage professionals the reasons why you might want to reconfigure the terms of your home’s mortgage, it is not necessarily as obvious to those outside of the mortgage business. So, on this episode of Office Hours, Malcolm & Desiree sit down to explain the basics of how a home refinance works, as well as some scenarios in which a refinance might make sense for you.
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