5 things to consider before refinancing your existing mortgage

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Over at my company blog I penned a post about 5 things to consider before refinancing your current home loan. I think the points are important to consider any time you apply for financing; whether for a new home purchase or making a change out of your current financing. You can read the full post here.

The five points to consider are (read the post for the detail behind each):

How long are you planning to keep your home?
What are your career prospects looking like?
What does your income and expense picture look like?
What are your investment and savings goals?
Are there any other outside factors to consider?

If you are unable to answer these questions you need to stop, step back, and evaluate the choices that you are making with your home financing. Make a plan, work the plan, succeed. Don’t short circuit your mortgage; make it work within your financial framework – it’s the best way.

P.S. My company blog focuses on Orange County, CA home owner issues – but the general concepts apply to all home owners.