Ramit Sethi
Key Takeaways
- Refinancing can save money if you can take advantage of lower interest rates, which makes your mortgage debt less expensive to carry.
- There’s more than one way to refinance, so choose the solution that complements your finances.
- Refinancing can eliminate extra costs over the lifetime of your home loan like private mortgage insurance.
Although the pandemic has caused economic turmoil, it’s also resulted in at least one bright spot: interest rates are dropping to historic lows.
