Should I refinance if I’m already a few years into my mortgage?

In my communication with customers who are considering a refinance mortgage I can often sense a general sense of reluctance to “restart” their mortgage on a new 30 year or 15 year amortization schedule.  Sometimes I get asked questions such as “If I refinance won’t I lose all those payments that I’ve already made?”.  The truth is that consumers can pay their mortgage balance down sooner even if it means taking out a new mortgage with a new amortization schedule.  To see how click on the video below.

Click HERE to view the report that is highlighted in the video for yourself.