Refinance or not?

[Fire&Rain]

Mortgage refinancing can be a great way to save money, but its not always the best move to everyone. I for one would not opt for it. Would you?

 

[Augusta]

I don't like the idea. You may end up in more debt. You also need to have a clear idea of how you'll use the money you free up when you refinance

 

[Springtime]

Unless I really need the money for emergency, I do not like the idea of refinancing. I do not want to have more debts.

 

[Starmix]

It could be significant if there's a backup asset in case you failed to return the money. It's essential to think smartly and not to decide impulsively. There might be other ways.

 

[Augusta]

mortgage refinancing is a good move when you can save money by locking in a lower interest rate or payment, shorten your loan term, or restructure debt optimally.