Introduction
Refinancing can be a powerful tool, but it’s not the right choice for everyone. Let’s break down when refinancing makes sense — and when it doesn’t.
When Refinancing Helps
✔ Lower your interest rate
✔ Reduce monthly payments
✔ Switch from an adjustable to a fixed rate
✔ Tap into home equity for cash
When It Might Not Be Worth It
If you’re planning to move soon or the costs outweigh the savings, refinancing may not make sense.
How to Decide
Talk to your lender. They can compare your current loan with new options and help you calculate your break-even point — the time it takes for savings to cover refinancing costs.
Conclusion
Refinancing can unlock better terms or cash — but only with the right circumstances. We can help you decide what’s best for your financial goals.