How Refinancing a Property Can Affect Your Estate Plan


The mortgage business is booming in many parts of the country. Low interest rates have created an almost frenzied environment with homeowners scrambling to refinance their home loans at these low interest rates. Even a few tenths of a percentage point of interest, over thirty years, can make a massive difference in the amount of interest that is ultimately paid on a loan. For many, it makes perfect sense to take advantage of these interest rates. Aside from the transaction fees associated with refinancing, there is frequently little to no downside to refinancing in times like these.

However, one often overlooked consideration is the impact that refinancing your home could have on your esta...