Sep 07, 2010

Homeowners: Lower Interest Rates With a Cash-In Refinance

If by chance you've come into a bit of money lately, and are wondering where to invest it, Jack Guttentag offers a suggestion: a home refinance where you pay down a chunk of the loan balance and then reap the rewards of your lower loan-to-value (LTV) ratio in the form of a lower interest rate on your new mortgage.

Get the details here. Guttentag also provides a calculator letting you figure out your rate of return -- perhaps even leading you to decide that it's worth transferring funds out of other underperforming investments for this virtually no-risk strategy.