Mortgage Refinance: 5 Smart Uses For Your Savings

June 09th, 2010

You’ve hit “calculate” on a free mortgage refinance calculator, and you see that you can save several hundred dollars a month by refinancing your mortgage. Now what to do with your savings? You can obviously do whatever you wish. But to maximize the financial benefits of your refinance savings however, it can be best to have a plan.

5 Steps To Greater Financial Freedom

Here are some ideas to maximize the effectiveness of your refinance transaction and fully leverage today’s low mortgage rates:

Without changing your current monthly cash-flow, but by lowering your mortgage rate, you can re-direct money you are currently paying in mortgage interest to other endeavors or financial opportunities. Taking advantage of the many free mortgage calculators available on this website will help you prepare a sound financial plan to fully benefit from your mortgage refinance and the low mortgage rates currently available.

Posted By :
Dennis C. Smith is co-owner and broker of record for Stratis Financial in southern California. He has over twenty years' experience in the mortgage industry.

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