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About this episode

Used to be mortgages were a lifetime commitment… 30 years or bust. So why are millions of us falling for newer, younger mortgages? Refinancing has its attraction…a lower interest rate, lower payments…or maybe you want to consolidate a first and second mortgage… maybe you want to convert some of that equity into cash to make a major buy…like your child’s college education. With the rise in adjustable rate mortgages, switching to a stable rate is ANOTHER reason REFINANCING looks hotter than ever.

• Release Date

  May 5, 2008

• Runtime

  01:19