Refinancing your existing interest rates on various loans is very important in many cases; especially with credit cards, you can often negotiate for a lower interest rate.
However, other times, refinancing can be a bad idea and get you into more financial hardship.
As the chart below shows, mortgage rates have been trending downward at a steady rate.
We are now experiencing a record low in interest rates, leading many people to want to refinance.
5 Times When Refinancing Just Doesn't Make Sense - FinancialWellness.org
Posted by fsu under FinanceFrom http://financialwellness.org 2794 days ago
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