What you need to learn about refinancing your property

Home loan prices are in their highest levels since October 2014. A 30-year fixed rate loan today averages 4.2 %. About 56 per cent of home loan applicants tend to be property owners trying to refinance. Within installement of your “Eye on cash” show, CBS News business analyst Jill Scheslinger joins “CBS This Morning” with some essential reminders if you are considering a brand new mortgage.

I walk you through procedure of deciding whether or not you ought to re-finance a home loan and offer you with a workout to practice that which you’ve discovered.

Zillow’s listing of shutting costs: http://www.zillow.com/wikipages/List-of-Closing-Costs-and-Fees/

Answer Key: https://docs.google.com/spreadsheets/d/13-tpe0E8yzrdJkesiPo_HYK_FoHJe_1efiy4tuRDT5k/edit?usp=sharing