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Tightwad Tidbits for Frugal Living  

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Homes: Refinancing

 
 

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Save money refinancing your home if you can lower the interest rate by 1 percent, and you are planning on staying in the home long enough to recover the costs associated with refinancing.  Anything else is not thrift friendly.

 

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Frugal footnotes:

Here are some more frugal tips to save money refinancing your home.

 

- Shop around for government programs to refinance your home.
 
- Compare interest rates and refinancing fees with all programs.
 
- Increase your credit score for a lower interest rate.
 
- Be sure and ask if there are any fees not mentioned, and get everything in writing.
 
- When you refinance, shorten the length of your mortgage.
 

 

 

 

 

 

 

Tightwad Tidbits

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