The savings is huge!! 🤯 If you’re used to making your mortgage payment and refinance to lower your payment, you might consider making the same payment. Here’s how: 1️⃣ Pay your new monthly minimum payment each month (I prefer to have this all set up on autopay so it never misses. 2️⃣ make an extra principal only payment each month for the difference of your previous mortgage to your new. Making the “principal only” payment is key!! The principal payment reduces your balance and is what saves yo

Let’s explore exactly what goes into determining your refinance interest rate, what to look out for, and why it all matters. | loanDepot | Facebook