This is a very common question I get from people these days. Finally, I found a video which makes it very clear for people and it’s from none other than Suze Orman. Now, regular readers of this blog know that I don’t always agree with her, but this time she’s hard to disagree with:
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on Jan 2nd, 2009 at 11:06 am
[...] rate mortgage or he can just sit and wait to see how his rate adjusts later this year. While the refinance option may seem the most logical and safe choice – given the fall in home prices over the past few years, and the cost of a refinance – it may not [...]