Table Of Content

• Ch:1 Introduction to Mortgage Refinancing

  Life is about trading up. Climbing the corporate ladder, upgrading out of that clunker you drove in college, and moving out on your own-all these involve trading in one situation for a better one. You can trade-up mortgages, too.

• Ch:2 Tax Advantages of Refinancing

  Trading up your job for increased responsibility has some advantages above and beyond a bigger paycheck-maybe a designated parking space, or that coveted corner office. Similarly, a mortgage refinance has a few perks of its own. One of these is the mortgage interest tax deduction.

• Ch:3 Refinance or Second Mortgage?

  When it's time to trade-up your first car, you must select a suitable replacement from the many makes, models, and optional upgrades available. Thankfully, choosing your trade-up mortgage won't be as complicated. But there are still some decisions to be made.

• Ch:4 Closing Costs and Refinance Risks

  Remember the last time you moved? You probably incurred some expenses for truck rental, utility hook-ups, moving services, etc. Just like moving, refinancing comes with its own set of one-time expenses, commonly known as closing costs.