What are the benefits of re-financing my loan?
September 30, 2012 2:34 PM Subscribe
Homeowner needs advice: Bought a house one year ago, loan rates at all-time low, what are the benefits of re-financing my loan? Any disadvantages? I'm clueless...
posted by MMALR to work & money (13 answers total) 6 users marked this as a favorite
The web is chalk full of articles on re-financing that seem like used car salesmen trying to sell me something that has hidden agendas. Point me to solid research and evidence that it wouldn't be a mistake to re-finance. What are the upsides, especially considering I'm only a year into my loan. I'm currently sitting at 4.5% on a 30-year loan. Any advice would be appreciated deeply.