Refinanced Yet Again

The following is a staff writer post from MikeS.  He is a married father of 2.  So, with the cat, he ranks number 5 in the house.  He loves numbers and helping people. Please leave any questions or comments below for either Mike or Crystal. I did it again, I refinanced my mortgage.  This was the third time since my initial closing on my house that I refinanced.  It has been slightly amusing as each time I think that it will be the last time, but that hasn’t happened yet. The first couple of times I refinanced, it was more about lowering my monthly payment.  That was not the case this time around, this time it was more about lowering the life and total payments. Paying Attention Since I had just refinanced my mortgage back in early 2015, I had not really expected to go through the process again this year. I had a 3.99% 30-year fixed mortgage which I was going to pay off early, in just under 24 years.  However, I began to notice that the rate for 30-year mortgages began to drop again.  I kept noticing headlines and such mentioning that the rates were nearing historic lows.  … Read more