human
What do I need to know before refinancing my mortgage?
assistant
1. You should know your credit score and what types of mortgages are available to you.
2. You should understand any fees associated with refinancing as well as any prepayment penalties.
3. You will need to calculate the amount you will save after refinancing.
4. You should consider the length of the new loan and how it fits into your overall financial plan.
5. You need to make sure you can afford the monthly payments on the new loan.
6. You should compare different lenders to ensure you are getting the best deal possible.