People looking to have some extra money often look to refinancing their mortgages. Doing such a thing can lead to a lower interest rate and cash in your own pocket. However, there are some things to know prior to considering this.

Issues To Consider When Refinancing a Mortgage

First of all, it is important to know that most of the payments you have made against your first mortgage are interest. Mortgages, like most loans, are front loaded with interest. 90 percent or more of your payments, at the start, will be going solely to interest rather than principle (the actual amount owed). So, if you