This video explains all the hidden costs and additional fees to take into account when considering refinancing a mortgage and how these impact your monthly and longterm costs. One also needs to consider things like how long you intend to stay in your current home. Home equity lines of credit are also discussed and the dangers of relying on this. [7:50]

Additional Tags

hidden costs, home equity loan, home equity line of credit, mortgage, refinancing a mortgage

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Classroom Considerations

• This video is hosted on YouTube