If you ever thought about refinancing your mortgage, your goal is probably to find a lower interest rate and reduce your monthly payments. After all, most homeowners aren’t inclined to trade in their current mortgage rate for a more expensive one.
Yet saving money isn’t the only reason to consider a mortgage refinance, according to Sherri Calcut, president of BOK Mortgage.
Some Homeowners Are Refinancing Their Mortgages at Higher Rates. Here’s Why
