|
Refinance Basics
When refinancing makes sense (and when it doesn't)
Not every refinance pencils out, and that's okay. The math comes down to two things: how much you'll save on your monthly payment, and how long you plan to stay in your home. If you're refinancing to a lower rate but extending your loan term, you might pay less each month but more interest overall. On the flip side, if rates have dropped since you bought, even a modest dip can add up to real savings—especially if you're staying put for several more years. The best move is to run the actual numbers with your specific loan details. I'm happy to walk through the scenarios with you and show you what different options would really cost. Reach out anytime—no pressure, just clarity. Let's talk through whether a refinance makes sense for your situation.
|