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Should You Refinance Your Mortgage? Expert Weighs In

10:44 AM, Jan 7, 2013   |    comments
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Greensboro, NC -- If 2012 left you broke, make a resolution to be more savvy in 2013.

The Good Morning Show can help with "13 Ways 2 Save In 2013". Monday's topic: Refinancing Your Mortgage.

Certified financial planner Phyllis Lancaster with Green Valley Wealth Management stopped by to answer some of our questions.

Some of her bullet points from the discussion:

  • Buying vs. Renting - Think time and taxes
  • Mortgage equal to or less than 28% of your gross income (principal, interest, taxes and insurance)
  • Invest in a quality professional to guide you through the refinance process

Watch the attached video for more scenarios of when it would be a good time to refinance.

WFMY News 2

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