Listen Money Matters - Free Your Inner Financial Badass. All The Stuff You Should Know About Personal Finance.

On this episode, we talk about Streamline Refinancing.  Specifically, how Matt used it to shave over $130 a month off his mortgage payment without being hit with more interest or increasing the term of his mortgage.   The refinance also bought him a month without payment and the closing costs were less than the monthly mortgage payment he saved.   Matt also doesn’t have a steady paycheck and the way he streamlines refinanced didn’t require a pay stub. We calculated that over the remaining term of his mortgage he will save over $13,000. Lower payment and lower cost overall – profit all around!   In addition to discussing the details of Matt’s refinance we go a bit into the difference between the various types of mortgages and their merits.  We may also make fun of financing a car but if you know me, that’s to be expected ;)   Show Notes Fixed Rate Mortgage – The 30-year mortgage and 15-year mortgage fall under this category. The majority of mortgages are fixed rate although that doesn’t mean it’s the best op