Should You Refinance?
How To Decide If Refinancing Is Right For You
Why would you want to refinance? What are your goals?
Is The Timing Right For You?
- Think about your credit score
- Check to see if interest rates have gone down
- Consider if your income has changed
- Contemplate how long you plan to stay in your house (refinancing typically makes sense if you plan to stay for a while)
Use a Mortgage Calculator
Consider These Types of Refinancing
- Cash-out refinancing
- Standard refinancing
Remember the Additional Costs
- Closing costs
- Application fee
- Title search fee
- Inspection fee
- Attorney and lender fees
- Prepayment penalties on your old payment