Should You Refinance? Don’t Let These Misbeliefs Hold You Back

Deciding if you should refinance your home, and when to do so, depends on many factors such as interest rates, desired loan terms and your long-term financial goals. While many people have taken advantage of the historically low interest rates, there are some qualified buyers who are holding back on refinancing due to inaccurate beliefs about refinancing. Some of these beliefs entail a minimum waiting period from the time they take out a mortgage to when they can refinance for the first time or refinancing causes them to lose the benefit of principal payments they’ve already made. The Mortgage Professor, Jack Guttentag, dispels these, as well as other, refinancing misbeliefs at

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