Ep. 94 - Mortgage Refinancing Biggest Mistakes - Could Cost You Thousands

You see the headlines again and again and again. "Lowest interest rates in 30 years…if you refinance your mortgage." You could save thousands OR it could cost you thousands. Tune in as I interview the CEO and Co-Founder, Seth Burstein from Fortunately.io as we discuss all the mistakes you could make when refinancing your mortgage and how you can avoid them. Seth shares his personal experience when he contacted his personal bank about refinancing his mortgage. You'll be shocked to hear their initial response.   We also discuss some of the options you have when you've seen an increase in equity in your home.  Hint:  one option is a cash-out refinance.   We also address when is the right time to refinance your mortgage.  Is there really a "best" time or is it always a good decision? What about steps you need to take before you refinance your home?  Interest rates are still at historic lows so this podcast might be the answer you need for your own home refinance. Other resources from GoodFinancialCents.com: Best Mortgage Refinance Companies for 2022 How Much House Can you Afford?   Check out my YouTube channel here. Follow me on Twitter and Instagram.