If you’re thinking about refinancing your home, you can use online refinance calculators to help you make your decision. There is more than one type of refinance calculator available, and each will provide you with different information on various aspects of refinancing.
To use refinancing calculators, you’ll need to have some information on hand. So before you get started, go and check the balance remaining on your home loan and also find out what your interest rate is at present.
Refinancing can be a great way to free up some of your equity as cash and take care of pressing needs. Refinancing is easily abused though, and when you make mistakes with it, you can end up paying a lot for those mistakes in cold, hard cash.
What are some of the most common and detrimental refinancing mistakes which you should watch out for?