Before my husband married me, he was married to someone else. He and his previous wife built a home together. Sadly, after 8 years of marriage, this woman left my husband. My spouse kept the home, but couldn’t afford to make the large monthly payment on it alone. To keep his place, he decided to refinance it. He was able to both extend the number of years left on his mortgage and receive a lower interest rate. Thankfully, our home is paid for now. But, my husband is grateful for the benefits he received from refinancing years ago. On this blog, you will learn more about the advantages of refinancing a primary residence.