Why So Many Refinances…

Good question… it doesn’t technically hurt you to refi again and again, if you are going to stay in a property long enough to get your investment back on the cost of your refinance and substantially lower your payment, usually at least a half a percentage point. Also, you reset your time to pay off your loan every time you refi. And some folks insist on taking a cash out refi every time, essentially keeping them from having any equity. Think about what might help you save or build wealth when thinking of refinancing.

Should you have any interest in refinancing, please feel free to reach out to us at Priemier Funding Network, we’re here to help.