Martin Lukac represents RateEmpire.com mortgage rates and refinance rates market.
What is an interest only loan? This is the type of loan where you pay only the interest for a period of time after you start paying for the principal.

Before applying for a refinancing, homeowners should expect to pay closing costs.

You want to speed on the roads and show what you got from your home loan refinancing, but please wait.

If you are looking for a lower monthly payment, this could be the way to go.
How can you save money by refinancing your home? It is actually quite simple and can be best demonstrated by an example.