Refinancing can be a powerful financial tool, but only when it’s done at the right time. Here’s when refinancing your mortgage may be the smart move:
Lowering Your Monthly Payment
If today’s rates are lower than when you bought your home, refinancing could save you money each month.
Paying Off Your Home Faster
Switching to a shorter loan term (like 15 years) helps you build equity quickly and save thousands in interest.
Switching Loan Types
If you have an adjustable-rate mortgage (ARM), refinancing into a fixed-rate loan locks in predictable payments.
Tapping Into Equity
With a cash-out refinance, you can use your home’s equity for renovations, debt consolidation, or major expenses.
Not sure if refinancing is right for you? Our FREE Refinance Analysis shows exactly how much you could save.
