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Refinancing Your Home {Family Money Minute}

Refinancing Your Home

July 8, 2015: Refinancing Your Home

If you really want to make an impact in your budget, why not start by overhauling one of the biggest expenses most of us have – your mortgage…

It’s easy to feel stuck when you pay your mortgage month after month, but today and tomorrow I’ll be sharing a couple simple tips to help you save on this major expense and cut back on the term of your loan.

To start with, look into refinancing your mortgage. If you’ve been in your home for at least a year or two and planning on being there awhile, it may be worth looking into refinancing at a lower interest rate. If nothing else, it’s definitely worth calling your lender and seeing if they’re willing to negotiate a better rate with you or shopping other lenders to see if you can get a better rate with them.

The Family Money Minute is made possible by Operation Christmas Child, who reminds us that by saving money, we can make a bigger impact on the lives of needy children around the world.

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