As we enter the final 10-20 years before retirement, the equity we have in our home often represents a large part of our retirement savings. To make the most of this hard-earned asset, it’s important to make thoughtful decisions about our mortgage and home ownership in general. We may also need to challenge common assumptions – what’s right for one homeowner approaching retirement may not be right for another.
If you’re thinking of refinancing your mortgage, but wondering what’s involved and how to negotiate the best deal as painlessly as possible, here’s what you need to know. Good news: The process is probably simpler than you think.
In this week’s webcast, we talked about the issue of declining home ownership, why buying a home might be beneficial to you, how much home you can afford, and how to refinance your home to get the best bang for your buck.