• Deciding to Refinance

    • Why would you want to refinance? What are your goals?

    • Assess if your timing is right for refinancing

      • Think about your credit score
      • Check to see if interest rates have gone down
      • If your income has changed
      • Consider how long you plan to stay in your house (refinancing typically makes sense if you plan to stay for a while)
    • Utilize a mortgage calculator

    • Types of refinancing:

      • Cash-out refinancing
      • Standard refinancing
    • Consider additional costs:

      • Closing costs
      • Application fee
      • Title search fee
      • Inspection fee
      • Attorney and lender lees
      • Prepayment penalties on your old payment