Comments on: Time To Refinance - But Not Your Home http://www.pfadvice.com/2006/01/06/time-to-refinance-but-not-your-home/ Bridging the gap between saving money and investing Mon, 01 Dec 2008 21:53:58 +0000 http://wordpress.org/?v=2.6.1 By: pfadvice http://www.pfadvice.com/2006/01/06/time-to-refinance-but-not-your-home/#comment-449 pfadvice Wed, 11 Jan 2006 03:29:18 +0000 http://www.pfadvice.com/?p=316#comment-449 <i>Shopping around for better insurance is not “refinancing�. Do you want to refinance your internet connection as well? Always a good idea to shop around. </i> I disagree. What is refinancing your home mortgage other than shopping around for a better rate? "Refinancing" is just another way of saying shopping around for a better rate in my opinion and thus applies... Shopping around for better insurance is not “refinancing�. Do you want to refinance your internet connection as well?

Always a good idea to shop around.

I disagree. What is refinancing your home mortgage other than shopping around for a better rate? “Refinancing” is just another way of saying shopping around for a better rate in my opinion and thus applies…

]]> By: LSD http://www.pfadvice.com/2006/01/06/time-to-refinance-but-not-your-home/#comment-448 LSD Wed, 11 Jan 2006 03:23:22 +0000 http://www.pfadvice.com/?p=316#comment-448 Shopping around for better insurance is not "refinancing". Do you want to refinance your internet connection as well? :P Always a good idea to shop around. Shopping around for better insurance is not “refinancing”. Do you want to refinance your internet connection as well? :P

Always a good idea to shop around.

]]> By: hgstern http://www.pfadvice.com/2006/01/06/time-to-refinance-but-not-your-home/#comment-434 hgstern Mon, 09 Jan 2006 18:25:07 +0000 http://www.pfadvice.com/?p=316#comment-434   Good post, and well-written. I think you glossed over a few key points (no crime in that; don't need a 15 page post) that one should keep in mind: It's true that, for a given risk (person), life insurance rates have come down substantially over the past few years. As THC notes, mortality plays a part, but it is not the only (or most important) reason. Having said that, though, it does not follow that *your* insurance will be cheaper now than before: underwriting has really stiffened up, and if you're not the *ideal* height and weight, or you've got "a little cholesterol," or you have a family history of cancer, you may be unpleasantly surprised. It never hurts to shop around, of course, but be aware that the on-line quote marts will give you generic rates which don't take most of these factors into account. And no matter *what* you do, don't cancel your existing plan until the new one has been approved and you've had a chance to look it over. Happy New Year!  
Good post, and well-written. I think you glossed over a few key points (no crime in that; don’t need a 15 page post) that one should keep in mind:

It’s true that, for a given risk (person), life insurance rates have come down substantially over the past few years. As THC notes, mortality plays a part, but it is not the only (or most important) reason. Having said that, though, it does not follow that *your* insurance will be cheaper now than before: underwriting has really stiffened up, and if you’re not the *ideal* height and weight, or you’ve got “a little cholesterol,” or you have a family history of cancer, you may be unpleasantly surprised.

It never hurts to shop around, of course, but be aware that the on-line quote marts will give you generic rates which don’t take most of these factors into account. And no matter *what* you do, don’t cancel your existing plan until the new one has been approved and you’ve had a chance to look it over.

Happy New Year!

]]> By: AllThingsFinancial http://www.pfadvice.com/2006/01/06/time-to-refinance-but-not-your-home/#comment-425 AllThingsFinancial Mon, 09 Jan 2006 05:38:26 +0000 http://www.pfadvice.com/?p=316#comment-425 <strong>Carnival of Personal Finance - Week 30</strong> Hi and welcome to AllThingsFinancial’s presentation of week 30 of the Carnival of Personal Finance. We had 24 submissions for this carnival so there is a lot for you to check out. I hope you enjoy. Next week’s carnival will be held by m... Carnival of Personal Finance - Week 30

Hi and welcome to AllThingsFinancial’s presentation of week 30 of the Carnival of Personal Finance. We had 24 submissions for this carnival so there is a lot for you to check out. I hope you enjoy. Next week’s carnival will be held by m…

]]> By: thc http://www.pfadvice.com/2006/01/06/time-to-refinance-but-not-your-home/#comment-406 thc Sat, 07 Jan 2006 05:52:07 +0000 http://www.pfadvice.com/?p=316#comment-406 Life insurance premiums are cheaper, not due to competition, but because life expectancies are longer. Life insurance premiums are cheaper, not due to competition, but because life expectancies are longer.

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