The longer the number of remaining years you expect to live in a house,the more likely you would benefit from refinancing.

Question

Quizplus · Accepted Answer

Refinancing allows homeowners to get a lower interest rate or change other terms of their mortgage, leading to potential savings on their monthly mortgage payments. If a homeowner plans to stay in their current house for a longer period of time, they have more time to recoup the costs associated with refinancing and potentially save more money in the long run.

The Longer the Number of Remaining Years You Expect to Live