Can someone tell me what the deal is with refinancing a mortgage?

Hi all,

I have owned my home for about a year now and in the past couple of months I have been bombarded with refinance offers in the mail; all offering lower interest rates.

Can someone explain what the fine print in all of this is? Also, I have no idea what the pro’s/con’s of refinancing are. Does it ever make financial sense?

Thanks in advance.

Submitted March 31, 2019 at 10:58AM by AssDimple https://ift.tt/2FLL7gR