Refinancing Mortgage Loans

B2 – Upper Intermediate

Buying a house is probably the biggest financial decision we ever have to make in our lives. Most people do not have enough funds to cover the entire cost of their house that is why they turn to banks or other financial institutions for financial assistance. When mortgage rates go down, some people see this as a chance to refinance their mortgage.

Let’s listen to this short commercial to know more about mortgage refinancing.

Refinancing Mortgage Loans

Discussion Questions:

  1. How does mortgage refinancing work?
  2. What are the benefits of refinancing a mortgage?
  3. Do you see any pitfalls in refinancing a mortgage?
  4. Do you have a mortgage? Does this option seem appealing to you?
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