When is the Best Time to Refinance a Mortgage?

When rates go down on mortgages, it might feel like it's time to refinance, but you really want to look into math side of refinancing. If you can't pay off your closing cost with the new interest savings within a couple years, it's probably not worth refinancing your home. This video will cover the pros and cons of a refinance and I'll also show you how to do the math yourself using a loan calculator. Enjoy :)