Tag Archives: SmartAsset

For many years, buying a home has been considered to be a no-brainer and an obvious choice when compared to renting a home, but that perception has been altered as the housing market continues to change.

According to the study conducted by SmartAssett, a New York based personal finance technology firm, a total of 164,539 Los Angeles loans were refinanced in 2013 and the average refinance amount was $366,635. That equated to an average annual savings of nearly $7,000. Homeowners collectively saved more than $1.16 billion that year.