Home Refinancing Myths

(KUTV) Salt Lake City - Have you been thinking about refinancing your home, but keep talking yourself out of it? Teresa Whitehead from CityWide Home Loans joined Kari on Fresh Living to dispel 6 common refinancing myths. To find out why the below statements are not true, watch our segment with Teresa above, or go to

6 Myths about Refinancing Your Home:

  1. You're too late to get a good rate
  2. You won't qualify without an 800 credit score
  3. You'll have to reset your mortgage to 30 years
  4. You can't refinance if you have an ARM
  5. You can only change your rate or term
  6. Refinances take too much time and effort