When one things of retirement, they think of a well-padded portfolio of savings and investments.  But did you know that refinancing can be a viable strategy for seniors who are planning for retirement?    For starters, a refinance can be used for a cash out against your home equity so that you can pay off higher interest rate debts, or perhaps purchasing something necessary such as replacing your roof to protect your assets.  It is also a great idea to refinance if you can get a super low interest rate coupled with a shorter duration loan so that you aren’t paying off your loan while you are in the later years of your retirement when your cash might be needed for medical or other expenses.  Refinancing is  part of a diversification strategy in a retirement portfolio.


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