Deciding to refinance a mortgage is a complex and process unique to each borrower. Jo Ann Koontz discusses how and when to refinance, the importance to consult with your team of professionals, and what the process of refinancing a mortgage in 2020 looks like.
1:49 When does is make sense to refinance?
5:00 Looking at the whole picture of your situation when deciding to refinance.
6:56 Tax impact of mortgage refinance.
12:08 Shop and review fees in addition to interest rates.
14:44 How has the refinance process changed compared to the last time you borrowed?
17:14 What is it like navigating the refinance application today?
20:21 Clarifying the "good" vs "bad" mortgage myth.
21:50 Mortgage as asset.
24:26 Should I pay bi-weekly? How should I make additional payments?
25:26 Process to apply for refinance in 2020.
26:55 Refinancing a property to a trust or LLC.
30:05 RON Closings - Remote Online Notarization.
31:48 Closing if spouses are not together.