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