The Bains

Before interest rates go up very much, refinancing your home debt might appear to be a no-brainer. Interest rates are lower on a 15 year mortgage & may not cost much more per month
than a 30 year mortgage. Also the 15 year mortgage will save your interest over the life of the loan. If you finance a new 30 year mortgage, then you will have the interest to start over again &
you may have already paid part of the interest on your 1st loan. Pulling out equity from your home
is always a possibility, but not advised by some financial experts. There are many angles to figure
on refinancing, so get with a competent financial advisor &/or mortgage officer to figure all of this
to accomplish your goals.