Ask the Experts

  Q: If I have an existing log home mortgage, how can I determine whether refinancing is a good idea? A: Generally, if a borrower can save one percent on their interest rate it is worth paying the closing costs to refinance. Some lenders have options for “no closing cost” refinances, and borrowers may pay a slightly higher rate for that. Consider the amount of time you will continue to own the home. If you are going to be there long-term, pay the closing costs. If not, go with a