When I should refinance?

It depends... Multiple factors are considered when determining if it makes sense to refinance.  For example:

  • A 0.25% - 0.50% drop in rate might more sense on a larger mortgage being borrowed than it would on a smaller loan amount. 
  • How long do you plan to keep the property?  If you plan to keep the property only for a couple years then you might want to consider a no point no closing cost loan.  Whereas, if you are keeping the property long term then it might make sense to build closing costs into the new mortgage for a lower interest rate.
  • Refinancing to consolidate high interest credit cards, loans or variable rate mortgages may reduce your monthly expenses.


Contact us today to review your refinancing options.  One of our Licensed Mortgage Professionals will be able to prepare a free written refinance savings analysis for your review and consideration. 

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