Guide to Mortgage Refinancing
Table Of Content
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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.
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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.
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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.
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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.