On August 7, 2013, President Barack Obama sat down with Zillow CEO Spencer Rascoff to answer housing questions from American homeowners. During the conversation, President Obama mentioned that he would probably benefit from refinancing his Chicago home. The president says that refinancing would benefit his mortgage interest rate, allowing him to save money on his monthly payments. If the president can save money on his monthly payments by refinancing, could you reap the same benefits?
How you could benefit from refinancing
By refinancing your home, you could switch out your current loan for a new mortgage that includes better terms. Take a look at these five ways a refinance could save you money in a variety of ways. Continue reading “If the President Wants to Refinance, Should You Think About it As Well?”