Want to Refinance Into a Record-Low Mortgage Rate? Do These 6 Things

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With mortgage rates at outrageous lows, it’s easy for homeowners to save money by refinancing. Saving a lot of money takes a bit more effort.

Industry experts say anyone paying more than 3% on a fixed-rate mortgage — or 0.75% more than current rates — should try to strike a better deal. The savings, often hundreds of dollars a month, can help you endure the financial fallout from the COVID-19 pandemic and pad your wallet for the future.

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Original Article Source Credits: Financial Post , https://financialpost.com/

Article Written By : Juliette Baxter

Original Article Posted on : Jul 13, 2020 

Link to Original Article:  https://financialpost.com/moneywise/want-to-refinance-into-a-record-low-mortgage-rate-do-these-6-things