Suze School: Refinancing Mistakes You Can’t Afford To Make
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze Orman Media
4.8 • 4.2K Ratings
🗓️ 1 September 2019
⏱️ 23 minutes
🧾️ Download transcript
Summary
When interest rates drop, you may want to refinance your mortgage so you can pay off your other debt faster. Should you do a 15-year or a 30-year mortgage? How much should closing costs factor into your decision to refinance? There are so many questions, that you may feel overwhelmed. Don’t worry! Suze is here to help guide you through what you need to know to avoid the pitfalls.
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Transcript
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| 0:00.0 | Hey, everybody. I want you all to take advantage of the incredible interest rates that a |
| 0:05.7 | Lyon Credit Union is currently offering 4.5% for a three-month certificate, 4.75% for a six-month |
| 0:15.2 | certificate. But best of all, in my opinion, is 5% for a one-year certificate of deposit. |
| 0:24.4 | You can also purchase these in a retirement account. So go to myeliantaliant.com slash |
| 0:35.2 | ultimate and check it out now. Suzy Orman here and you are listening to the Women in Money Podcast. |
| 0:43.9 | Now this is not your ordinary money podcast, for there is nothing that I do that is ordinary. |
| 0:49.4 | So if you want to be the powerful woman that you were born to be in every aspect of your life, |
| 0:55.4 | then you have come to the right place. |
| 1:19.4 | Can you believe that tomorrow is going to be Labor Day? |
| 1:35.6 | Amazing how fast this whole year passes. Do you find that the older you get the faster it goes? |
| 1:41.8 | Oh my goodness. So to that end, I just want to address the stock market, the real estate market, |
| 1:50.9 | bonds. And I want to give you my thoughts for today, which is September 1st, 2019. Again, |
| 1:59.7 | I always tell you the date because if you listen to this in the future, you really need to know |
| 2:06.3 | what I'm talking about here. So let's go to Suzy School. We are at a time where so many things could |
| 2:19.2 | be going right and it seems like so many things are just going wrong. So the first question we have |
| 2:28.6 | to ask and answer for ourselves is why? Why is it that President Trump wants to have Jerome |
| 2:38.4 | Powell, who's the head of the Fed? He's the one who controls along with his board and other Fed |
| 2:45.0 | chairman members, whether interest rates go up, interest rates go down. So why does President |
| 2:51.5 | Trump really want interest rates to go down so much? When interest rates go down, |
| 3:01.2 | mortgage rates go down. When mortgage rates go down, you do two things. You either feel like, |
| 3:09.9 | oh now I can go out there and I have got to buy a home because I've got to take advantage of these |
| 3:16.3 | low interest rates and or oh I financed just a few years ago and now I can get 2% less on my |
... |
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