Loan refinancing when interest rates fall

You don't have to settle for a bad deal for the rest of your life. When market interest rates drop drastically, a smart investor transfers their expensive debt to another bank at a much cheaper cost – this is refinancing. The premise of smart investing is cutting markups: just as we bypass brokers and real estate agencies to buy cheaper from the owner, we change the bank to pay lower installments and improve the profitability of our home portfolio.