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Is It Time to Refinance My Mortgage?

Refinance your mortgage when doing so will either save money or give you some financial flexibility when you need it most.


There are typically 2 reasons home owners choose to refinance. The first is to save money. Refinancing when interest rates drop to help save on the monthly mortgage payment is appealing and also very smart when the timing is right. Make sure to calculate the closing costs, to guarantee that the benefits outweigh the costs. Click on the calculator below to help determine if refinancing now is the right move for you:


The second most common reason is to get some cash….whether to pay off other debt or help with college tuition or even a wedding. Pulling out the equity in your home can be very financially freeing, when done wisely. Perhaps you are looking to remodel a kitchen or bathroom or increase the home's curb appeal with some fresh landscaping. Be sure that the improvements add value to your home. Here is a great link to some home improvement ideas that increase value.


Other great reasons to refinance would be to replace an ARM (Adjustable Rate Mortgage) with a fixed loan rate or to eliminate having to pay mortgage insurance on an FHA loan. What a great way to make the equity in your home work for you!

Remember the lower your interest rate the more quickly you will pay down your loan and build equity!

Call me today if I can answer any questions about refinancing you current loan.

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