"Save $500 per month by refinancing!"

Semantics folks, it's all semantics. I just received another opportunity to refinance one of my properties that stated I'd SAVE $500 per month by refinancing. What is does is actually "Free up" $500 per month in CASH FLOW on the pure cash montly payment, but it also defers off $900 per month, actually creating a $400 net worth loss per month or an annual loss in net worth of about $5000.00. If you're in an Appreciating market, then it might be justifiable, or if you're screwed against the wall for cash flow, working capital and/or have an exit strategy. Get honest quotes and solid financial advice. Pat Townsley, Broker. http://www.ExcellenceInRealEstateFinancing.com