What To Know When Refinancing Your Mortgage

When you buy your future home and take out a mortgage, you will likely be locked into a specific interest rate. However, you can refinance your mortgage to change how much you pay, and for how long. The main advantage of refinancing is reducing your interest rate. If you have a variable loan rate, refinancing is a great way to get into a fixed rate mortgage. People also refinance their mortgages to shorten the length of the mortgage term. The market average is a 30-year mortgage. When you refinance you can shorten your term to a 15- or even 10-year term.

More In Business

Powell's Jackson Hole Speech: Fed's Next Moves & Market Impact

Fed Chair Jerome Powell's Jackson Hole speech on Friday is expected to align with market expectations of upcoming rate cuts, likely beginning in September.

Have You Ever Wanted To Move Abroad? Here's What You Need To Know

Expatsi co-founders discuss what you need to know if you want to move out of the U.S. and why they wanted to start this kind of business. Watch!

New Surveys Show Signs of Optimism Among Small Business Owners

Surveys show small business owners overall are feeling positive about their business and achieving the goals they set for this year despite inflation.

Big Business This Week: Is Google Too Big to Jail?

A look at the post-antitrust possibilities for the tech giant. Plus, Elon's weird week, Starbucks' switcheroo, and the latest in snack stocks.

Disney Argues Wrongful Death Suit Should Be Tossed Over Disney+ Trial

Disney is asking a Florida court to dismiss a lawsuit because the plaintiff signed up for a one-month trial of Disney+ in 2019.

A-List Athletes To Take NYC By Storm At Fanatics Fest

Find out how you can interact with the likes of Tom Brady, the Manning Brothers, Derek Jeter & Jay-Z all under the same roof. Watch!

Steve Ballmer’s PSA Series Tackles Election Misinformation & AI

The former Microsoft CEO launched "Just the Facts" with USAFacts to provide clear, factual information on key issues, like health, the economy, and immigration.

How the 2024 Election Could Shape Venture Capital and Tech Trends

The 2024 election could reshape venture capital with Trump’s vs. Harris’s policies. Jordan Nof explores impacts on IPOs, M&A, and investor sentiment.

What Is Up At Disney And Warner Bros. Discovery?

Research Director at CFRA Research, Ken Leon, joins Cheddar to discuss Disney's earnings plus the shake up happening at Warner Brothers Discovery. Watch!

Big Business This Week: Can Anyone Make Sense of Wall Street?

We try! Also: Google get clobbered, Musk sues advertisers, and an introduction to Walzonomics.

Load More