Justin Smith’s Not-As-Easy-As-It-Sounds Refinancing Flowchart

As I often discuss, refinancing involves much more than just locking a record low rate. And that doesn’t just go for the loan process itself. It’s how you evaluate the decision as well. Here’s a fun and still credible take from investment advisor Justin Smith (bio | Twitter).

Click image for full size.

And to Justin: great work, this is the best thing I’ve seen in weeks.
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Reference:
Hey, Should I Refinance? (Justin Smith, CFA, CFP)

Refi Roadmap: A Locked Rate Isn’t A Closed Loan

What You Must Know About Record Low Rates

The Economics Of Refinancing: (see page 21 here | use calculator here)