To refinance your existing mortgage seems to be an inalienable right. Do not listen to the “experts” that will tell you once the prevailing mortgage rate falls .50 – 1% below the rate on your current mortgage you should refinance. Running off to refinance your mortgage when headlines announce mortgage rates are falling is not the best of ideas.
Property insurance on your home is normally a requirement of getting a loan. A house is a person’s largest asset. Make sure that investment is covered in a way that makes sense to you. Insure the house itself and its contents. Things to consider before you purchase insurance: