Remove Debt Remove Homeowner Insurance Remove Property Taxes Remove Tools
article thumbnail

Refinance Calculator | Bankrate

Savings Corner

The money you tap from your home’s equity can be used to consolidate higher-interest debt or to improve your home. Here are a few common reasons why homeowners decide to refinance a mortgage: To lock in a lower interest rate and lower their monthly payments. Ideally, you’ll also get a lower rate in the process.