Today’s low mortgage rates are certainly an opportunity worth grabbing. You’ve been putting down payments on that home for five years. It could be tempting to see if refinancing can help ease the burden of paying that loan. If you have an existing FHA home loan, refinancing could be a great option if any of these three scenarios are applicable to you. 1. Planning to stay in the home for at least seven years Mortgage experts say that people stay in their homes for seven years, on average. … [Read more...]