In this episode, Scott & Nikita discuss refinancing.

Often times refinancing is sold as a "no brainer" if you can lower your monthly payment. There are, however, some additional aspects to consider.
Including, but not limited to:

• If you used a first-time home buyers program with special clauses
• What your closing costs on the new loan will be
• How long you want to be in the house
• If you're investing your extra money now or just spending more and extending your loan

If you're evaluating this decision for yourself, these tools may be useful:

1. Loan Comparison Excel Template
2. Refinance Comparison Calculator