The Short Answer 7 Key Questions to Ask Before You Refinance

I recently had someone this week ask me my thoughts on refinancing their mortgage.  Obviously everyone's situation is different.  However there is a series of questions that everyone needs to ask themselves.  


Courtesy of Morningstar here are seven items to consider.  Check out there full article here

1. How much will you really be saving? 
2. What will you do with your savings? 
3. How long do you plan to stay in the home?
4. What type of mortgage makes the most sense? 
5. Do you plan to take cash out? 
6. Are you better off paying points and fees or choosing a no-cost refi? 
7. How soon do you have to decide?