Should You Refinance Your Mortgage?

The opportunity to save money, especially with a large investment like owning a home, is the biggest reason that homeowners choose to refinance their mortgage, and there are several ways to do that. Switch to another loan type. Refinancing your mortgage can allow you to switch to an adjustable rate mortgage (ARM) from a fixed or vice versa. If you originally started with an ARM but interest rates have skyrocketed, then it might be worth a refinance to stabilize your investment in a fixed-rate l