Thank God Margot takes care of all of our finances and that our bills and mortgage gets paid on time. (The grace period counts as on time!)
A few years ago we decided to refinance our house. The rates were at an all time low and we realized that home mortgage refinancing was the smart thing to do financially.
We had to get our house reappraised and since we had done so many home improvements the house was appraised for $20,000 more than we purchased it for. So instantly, we were vested enough to where we didn't have to pay the PMI insurance.
Then we haggled with the bank and got a great rate on a 15 year mortgage. We ended up paying $200 more per month -- but lost 15 years of payments!
If you are looking at home mortgage refinance make sure to research the different types and also look at all of the institutions. Being an educated buyer can save you a lot of money in the long run!
This post sponsored by: http://www.personalhomeloanmortgages.com
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