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Mortgage Refinancing: What Is It And How Does It Work?

Savings Corner

Key takeaways Refinancing replaces your current mortgage with a new one, adjusting the rate, term or both. With refinancing, you can change the loan type as well as your lender. Here’s how refinancing a mortgage works, the common options available to you and pros and cons to consider. What is refinancing?

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Get your FREE Family Balance Sheet Excel Spreadsheet

Family Balance Sheet

The spreadsheet listed our short-term and long-term account balances, our debts, and our short-term and long-term financial goals. We are working towards some pretty big financial goals and we’ve hit quite a few already. I STILL use our spreadsheet today. I don’t want him to feel that way.

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Family Office Manager

Family Balance Sheet

We have been in our home for over 20 years and I’ve refinanced for better rates at least five times, mostly for free. Create our family’s financial goals and Debt Freedom Plan. While our setup has helped us achieve many of our financial goals, we have made many mistakes over the years.

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

Not Having a Financial Plan Having clear financial goals helps you control spending and increase savings because you know where you are headed. When you don’t have financial goals , you risk spreading yourself too thin which exposes you to increased debt and financial disaster.

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What Is Financial Planning? | Bankrate

Savings Corner

Bankrate’s AdvisorMatch can connect you to a CFP® professional to help you achieve your financial goals. Here’s what financial planning is all about and what you need to know to get started. What is a financial plan? These are some of the largest issues when it comes to financial planning.

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Our 2017 Debt Freedom Plan Update

Family Balance Sheet

Over the years, we took advantage of low interest rates and refinanced and transferred the loan several times. What are your financial goals for 2017 and beyond? Let us know in the comments and if you don’t know or haven’t thought about it yet, spend some time THIS week developing your goals.

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