Q: When should I refinance my mortgage?

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.