Many homeowners have already taken advantage of low interest
rates to refinance their mortgages at some point in the past few
years. But with rates still edging downward, it may make sense
for some homeowners to consider refinancing
In the following video, Motley Fool investment planning editor
Lauren Kuczala talks with longtime Fool contributor and financial
planner Dan Caplinger about making a smart refinancing decision.
As Dan points out, low rates have come about due in part to
Federal Reserve intervention, but with the economy finally
starting to pick up steam, this may be your last chance to lock
in rock-bottom rates. He also notes that while banks have gotten
stricter about lending standards, they're also scrambling to keep
their profits up, giving them an incentive to find a way to help
you refinance. Dan closes by explaining how to decide whether the
benefits of refinancing outweigh the costs involved.
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three reasons to sell.
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Fool investment planning editor
has no position in any stock mentioned. Fool contributor
owns warrants on Bank of America, JPMorgan Chase, and Wells
You can follow Dan on Twitter
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