– Throughout the 29% out of property owners told you they failed to refinance because they don’t see the procedure

SEATTLE , /PRNewswire/ — Less than a quarter off mainly based homeowners refinanced its mortgage loans more than the very last 12 months, even when approximately half of these just who performed state they clipped their monthly installments from the at the very least $300 . Men and women savings have a tendency to went on home home improvements or paying down financial obligation.

Zillow interviewed more than 1,300 people just who did not move over the past 12 months (recently April) to find out exactly what driven those who performed re-finance its mortgages, exactly how much they saved in so doing, and you may what is actually carrying the others straight back.

While more than half (59%) of those surveyed have refinanced the mortgage on their current home at least once, just 22% of respondents said they did so within the past year. Read More