Thank you for getting us to 20 Episodes! We appreciate all your love and support for our podcast!

In this episode, we discuss if its worth it for you to refinance your mortgage! I personally would say to look into this especially with todays all time low interest rates. This can help shave off a lot of money every single month that you can either use to pay off your mortgage faster or you can use it to invest into the market to help you earn more ca$$$h!

Ep 17 - (https://bit.ly/31oRFx3)

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Show Notes:

  • Should you get your home refinanced?
  • Advantages of getting your home refinanced
    • Better mortgage rates
    • Lower monthly rates. So lets say your mortgage is currently $1,910 on a 500k house at 4%. Let’s say you refinance it to 3%. Your new mortgage will now be $1,686. This is a $224 monthly difference.
  • If you have an adjustable rate loan you might want to choose a fixed rate loan
  • You can shorten your term from 30 to 15 years if it's worth it.
  • You can borrow money which is a cash-out refinance, you can borrow against your home equity to obtain funds for any purpose.
  • My favorite one, get rid of PMI if it is applicable for you.