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When is the best time to refinance your home? Compare the best mortgage rates at Bankrate: https://bit.ly/hf_bankrate_mortgage (click "show more" to see ad disclosure) When rates go down on mortgages, it might feel like it's time to refinance, but you really want to look into math side of refinancing. If you can't pay off your closing cost with the new interest savings within a couple years, it's probably not worth refinancing your home. This video will cover the pros and cons of a refinance and I'll also show you how to do the math yourself using a loan calculator. Enjoy :) --------------- Robinhood Free Stock (Up to $200) with Sign Up: ► https://bit.ly/hf_robinhood Webull Up to 12 Free Fracional Shares (Each $3-$3,000): ► https://bit.ly/hf_webull M1 Finance (perfect for IRA's): ► https://bit.ly/hf_M1_Finance Instagram: ► / honestfinance Advertiser Disclosure: Honest Finance participates in affiliate sales networks and may receive compensation by clicking through the links (at no cost to you). This compensation may impact how and where links appear in this description. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This channel does not include all financial companies or all available financial offers. --------------- Honest Finance covers a broad range of financial topics that'll give your life and finances more value. Subscribe today for future content and be sure to give this video a like! Disclaimer: I am not a financial advisor. These videos are for education/entertainment purposes only. Investing of any kind involves risk, so please conduct your own research. #honestfinance #refinance #homebuying