Refinancing—the silver lining to the global market downturn due to coronavirus concerns. Interest rates have dropped, mortgage rates are low, and there is a historic opportunity to refinance your mortgage to possibly lower your payment, lower your total home ownership costs, and/or shorten the term of your mortgage.
1. “Average U.S. mortgage size hits record-high $354,500 -MBA,” Reuters, March 12, 2019. https://www.reuters.com/article/us-usa-mortgages/average-u-s-mortgage-size-hits-record-high-354500-mba-idUSKBN1QU1VA
2. “Mortgage Rates Rise”, Freddie Mac, March 19, 2020. http://www.freddiemac.com/pmms/
3. Kevin Dorwin, “Should I Pay Off My Mortgage? New Tax Law Changes the Math for Some?” B|O|S, June 5, 2018. https://www.bosinvest.com/blog/financial-planning/pay-off-mortgage-new-tax-law-changes-math/