Is it safe to refinance to lower monthly payments during retirement

Absolutely! If we can save you money on your payment then you should look into it. I would be happy to give you some numbers if you would like to contact me. My website address is BrendaSanders.net

Yep.. It's very safe and makes sense if the costs are low enough or the savings is high enough.. but not only can you refinance to lower your payment, but if you're 62 or older and have sufficient equity in your home, you can do a reverse mortgage, and either eliminate payments all together or even pull out funds on a monthly basis to aid in your retirement.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Yes it is. Not only is it safe but it's the thing to do if it accomplish your goal.

You received some good answers to your question thus far! I would highly recommend you look into contacting Brenda Sanders who answered your question,or any other qualified mortgage lender rep. in Wyoming and allow them to work upthe numbers for you vs. the cost! One way to decide vs. cost is no. 1, did you save enough monthly in your mind to go to the bother of it in the first place? No. 2, if the cost for doing the loan is $3000 and the savings is $75 a month. Divide $3000 by75 and that tells you how soon you recoup the cost that was added to your loan! That is 40 months. Would $75 more in spending money help you? Will you keep the loan much longer than 40 months? Now if it were $150, it might be easy for you to decide...and it then would be only 20 months to recoup the cost. It is pure savings of $150 a month thereafter! Again, you are under no obligation to contact a qualified mortgage rep. and have them provide accurate numbers like this for you to make a decision. Reverse mortgages take a long time to analyze and determineif that is right for you. However, a simple refinance can be an easy decision for you to make if the savings vs. the cost makes it well worth it to you!