Your mortgage should be the focal point of a good financial plan. Most people just refinance their balance to lower their payment and that's fine. But, what if you were to refinance but instead of lowering your payment, take cash back, keep the payment the same, and invest the dollars in a good index fund. History says that about every 5-7 years, your money would double. This requires the help of a good financial planner.
Most people take the savings on their payment and spend it frivolously.
The Kate Wilson team .