Refinancing Your Home with Record Low Rates

2020 has been a difficult year for many American’s finances. However, mortgage rates keep falling to record lows. When should you refinance your home?

Mortgage rates are falling at a record pace due to COVID-19

Should I always refinance my mortgage if interest rates are lower?

It’s harder to qualify for refinancing loans

Taking advantage of refinancing rates because of the economy’s turmoil may work for you in the long run. But there are considerations to keep in mind before you jump into a new 15 or 30 year loan. If you’re unsure about what to do in your situation, speak with a financial advisor who can help you make the right decision.

Originally published at https://www.seniorfinanceadvisor.com.

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