HAS THE WINDOW CLOSED TO REFINANCE MY MORTGAGE?
Rising interest rates impact many homeowners’ refi decisions.
If I can’t refinance, what should I do?
If refinancing doesn’t make sense now, look holistically at your overall financial plan. What do your cash flow and expenses look like now versus two years ago? What’s your plan for the next five years?
Take a step back and review the big picture. Does it make sense to become your own refinancing machine by investing more? Clients coming to us for the first time often don’t have an all-points plan yet. At Edelman Financial Engines, we can discuss these issues in regular meetings. If there’s an opportunity to do something different with your financial planning, we can provide education on this toic to help you make the right call for your financial future.
Material discussed is meant for general illustration and/or informational purposes only, and it is not to be construed as tax or legal advice. Although the information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness.