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Message: <blockquote data-quote="martinslanding" data-source="post: 307097" data-attributes="member: 277"><p>That’s extremely vague. Many factors play into any refinancing decision. Like what length of term are you looking at? How much equity vs. amount owed, how long do you plan on having payments? What is the end goal, keep or sell? … and of course current financial state.</p><p> </p><p>However “cliff notes” version:</p><p>Reverse Mortgage can work for anyone 62 and older that has sizeable equity and plans on staying in their home</p><p>Re-financing with these low rates works for home owners in advantageous financial situations looking to shorten their term.</p><p>Keep in mind in mortgage situations it’s not always about the monthly payment as it is about saving overall money in interest over time.</p></blockquote><p></p>

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