A: To determine whether you should refinance, compare the following:
- Contact us since rates listed throughout the Internet vary significantly, and finding the right fit can be difficult. Other options are:
- Compare the industries current interest-rates to the rate you currently pay.
- Compare your current Principle and Interest (P&I) payment only to the potential P&I payment based on the possible new rate.
- Make sure you plan on being in your home for at least the next 6-12 months to take full advantage of the cost to payment reduction ratio.
