My husband and I are in the process of deciding whether or not to refinance our home. We’d like to take advantage of record low interest rates, but there are thorny issues that tend to get in the way.
While refinancing is generally thought of as a good thing, especially if you refinance to a fixed rate, or to a much lower rate, it’s not for everyone. In some cases, it just doesn’t make sense. Here are 5 reasons that you might want to think twice about refinancing your home:
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