#171: How to Know When to Refinance

<p><strong>About the Episode: </strong></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">In this episode, we’re discussing when you should refinance your mortgage. Is now the right time, or should you wait?</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">In our Current Event segment, we’re talking about the raising of the National Debt Limit. </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Our success story comes from Jayme, who has been able to pay off his cars and his house in only seven years!!</span></li> </ul> <p><span style="font-weight: 400;">Key Questions to Answer: </span></p> <ol> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">How long do you plan to remain in this home?</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">What is your current mortgage balance? </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">What is your current interest rate?</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">What interest rate is available to you? </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">How much does the refinance cost? </span></li> </ol> <p><strong>Resources:</strong> <span style= "font-weight: 400;"><br /></span><a href= "https://fullyfunded.life/MMT"><strong>FULLY FUNDED LIFE</strong><span style= "font-weight: 400;"><br /></span></a><a href= "http://www.iwbnin.com/ladder"><span style= "font-weight: 400;">IWBNIN Ladder</span></a><br /> <a href= "https://www.cnbc.com/2021/09/20/what-the-federal-debt-ceiling-showdown-could-mean-for-you.html"> <span style="font-weight: 400;">Article: What the Federal Debt Ceiling Showdown Could Mean for You</span><span style= "font-weight: 400;"><br /></span></a><a href= "https://sgp.fas.org/crs/misc/IF10292.pdf"><span style= "font-weight: 400;">Article: The Debt Limi