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6 questions for your lender before you refi.

         With home prices rising and low interest rates ---some people are chosing to refinance.

But there are a lot of things to consider and some good questions to ask your lender before

going that route.

>>>>This article from investopedia.com can help make you an expert before you 

take the next step in the process.

Refinancing your mortgage can be a great way to save money, but it's not a sure thing. Before you take the plunge, ask yourself these six questions to avoid making a major money mistake. 

>>>( Find out what your home is worth before you take the next steps to refinance.)

1. Do I have the time to spare? 
This question is very basic, but you shouldn't overlook it. If you're already very busy with work or other major obligations, it may be in your best interests to wait until you have more time to deal with the details of the loan. If you are too busy or stressed out, you might make a mistake, missing something important in the fine print or falling prey to a bad loan. Refinancing should be done with the same extreme care you put into getting your original mortgage - it's just as big of a decision.

2. Will I break even or come out ahead?
Most people assume that refinancing will put them ahead, otherwise, they wouldn't do it. But how realistic is this assumption? Any number of situations could arise - from work relocation to family emergency – that could influence your financial situation and make your decision to refinance an unprofitable one. Unfortunately, it's not possible to predict with complete accuracy whether you will own the home long enough to come out ahead on a refinance, but you can make an educated guess. Since it is possible to lose money on a refinance, it's important to consider whether you can afford that risk. 

3. Am I disciplined enough to resist rolling other debt into read more