E-Learning - Mortgages - internet, video
0:00
23
1
Vocal Characteristics
Language
EnglishAccents
North American (General)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
reasons to refinance. Lower your monthly payments. Lowering your mortgage payment could free up money that could be re allocated to savings investments or put towards other debts. However, doing this may increase the term of your loan switch to a fixed rate mortgage. If you have an adjustable rate mortgage a RM, then your interest rate fluctuates depending on the market. This can affect your monthly payments. If you want to avoid this uncertainty, you could switch to a fixed rate mortgage.