Why Now is the Best Time to Refinance Your Mortgage
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 19 July 2021
⏱️ 14 minutes
🧾️ Download transcript
Summary
Learn why now is the best time to refinance your mortgage.
The article is here.
Are you investing well for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.
If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.
Your compounding rate, and how well you invest, matters!
INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE?
-Asset allocation model with ticker symbols and % to invest
-Monthly investing webinars with Linda
-Private Facebook group with daily insights
-Weekly stock market commentary email
-Lifetime access
-US and foreign investors, no minimum $ amount required
Extending the special offer, enjoy a 50% savings on the VIP Experience. More information is here or have a complimentary consultation with Linda to answer your questions. For an appointment to talk, click here.
PLEASE REVIEW THE SHOW ON ITUNES
If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it!
SUBSCRIBE TO BE WEALTHY & SMART
Click Here to Subscribe Via iTunes
Click Here to Subscribe Via Stitcher on an Android Device
Click Here to Subscribe Via RSS Feed
WEALTH HEIRESS TV
Please subscribe to Wealth Heiress TV YouTube channel (it's not just for women, it's for men too!), here.
PLEASE LEAVE A BOOK REVIEW
Leave a book review on Amazon here.
Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!"
Men love it too! After all, you are Wealth Heirs. :)
Available for purchase on Amazon.
International buyers (if you live outside of the US) get my book here.
WANT MORE FROM LINDA?
Check out her programs.
Join her on Instagram.
WEALTH LIBRARY OF PODCASTS
Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics.
TODAY'S SPONSOR
I want to take a few seconds to tell you about how I "read" more books and stay ahead of the curve. It's by not reading books, but instead listening to them – like you are right now! With Audible, there are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE!
I suggest you get the audio book of Think and Grow Rich, or you can check out my website Resources page where I list all of my favorite financial books and you see exactly what books I have read and recommend you read. Then get started with Audible by visiting https://lindapjones.com/FreeBook and order your first audio book free! Get Think and Grow Rich or another book from my recommend list, and be sure to get started checking off the books you want to read with your free book from Audible!
Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.
(Some links are affiliate links. There is no additional cost to you.)
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Be wealthy and smart episode 906. If y'all know what I mean put your hands up and declare with me |
| 0:13.8 | Yeah, I'm full of time I'm gonna live a good life |
| 0:20.7 | I'm gonna live the good life |
| 0:21.1 | a beautiful and glorious life Step into a world of wealth and financial freedom without budgets, boredom or bosses on be wealthy and |
| 0:30.3 | bosses on be wealthy and. And now here's your host, Linda P. Jones. |
| 0:38.0 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor, Empowering Women and Men Worldwide to Financial Freedom. |
| 0:46.0 | On today's show, we're going to talk about mortgage rates dropping to a new five month low. This is one of the best times I've ever seen to refinance your |
| 0:57.4 | mortgage. Mortgage rates have not even bottomed yet. Interest rates are trending down. I've said a while ago that we may even |
| 1:07.3 | see negative interest rates, but what we're seeing right now is effectively a negative interest rate because when you have |
| 1:15.2 | inflation at 5 plus percent some people say 13 percent if you listen to John |
| 1:22.0 | Williams at shadow stats.com as I've mentioned to you |
| 1:25.0 | before with the real numbers the way they used to be calculated but let's just say |
| 1:29.5 | we're taking 5 percent as our inflation number right now. |
| 1:34.2 | With interest rates where they are, |
| 1:36.4 | you could argue that we are already |
| 1:39.2 | at a negative, possibly 4% interest rate because we are behind the 8 ball when it comes to |
| 1:47.8 | inflation. So when interest rates are so far below the inflation rate, essentially you have a negative cost of money. |
| 1:57.0 | So I want to share with you this article from Yahoo Finance, written by Clayton Jarvis, about mortgage rates. |
| 2:05.0 | And it says, mortgage rates have fallen for a third consecutive week, |
| 2:09.0 | making refinances an even more attractive proposition for millions of U.S. homeowners who are still sitting |
| 2:15.1 | on older and costlier loans. |
| 2:18.0 | Average rates on 30-year home loans dropped even further below the 3% mark last week to a new five-month low a |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Linda P. Jones, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Linda P. Jones and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.