Mortgage Refinancing Explained: Real Stories, Practical Information
30Y in 30D • Y20. Two real-life stories that illustrate the upsides and downsides of mortgage refinancing — essentials that homeowners need to know to minimize risk.
Related and recent articles
(Full list of “30 Years in 30 Days” Series articles at bottom of this article.)
• 30Y in 30D, Y19: Economic Shockwave: Envisioning 2025 with 1982-Style 18.6% Mortgage Rates
• 30Y in 30D, Y18: U.S. Mortgages in 1982 vs. 2021 vs. 2023 — the Good, the Bad, and the Ugly
• 30Y in 30D • Y16: The Total Cost of Ownership of Your House
• Kickstarting “30 Years in 30 Days” — Decades of Mortgage Wisdom in 1 Month
• Has U.S. Healthcare Really Become a Mob Protection Racket?
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Two conversations recently got me thinking about mortgage refinancing and also questioning some of the most basic assumptions about them.
One conversation was with a Lyft driver on my way to a doctor appointment, and the other was with an electrician replacing a disposal in my kitchen sink.
