03/27/2025
Wondering if Now Could Be the Right Time to Refinance?
With the market being unpredictable, you may be wondering when the right time to refinance is. Reach out to your lender, as every situation is unique, but here’s how refinancing could benefit you right now:
- Lower Interest Rates – If today’s rates are lower than your current loan, you could save thousands in interest.
- Lower Monthly Payments – Extending your loan term may reduce your monthly payment (but could increase total interest paid).
- Cash-Out Refinance – Tap into your home’s equity to fund renovations, consolidate debt, or cover major expenses.
- Switching Loan Types – Move from an adjustable-rate mortgage (ARM) to a fixed-rate or vice versa to better fit your financial goals.
Refinancing isn’t a one-size-fits-all decision—consider closing costs and your long-term plans before making a move. Want expert guidance? Let’s chat!
Programs for qualified borrowers. All borrowers subject to credit approval, underwriting approval and lender terms and conditions. Programs subject to change without notice. Some restrictions may apply. Not a commitment to lend. As a result of refinancing, your total finance charges may be higher over the life of the loan. The greater the equity, the better interest rate you can get on your refinance, which may help you lower your monthly payment. Depending on the amount of equity, private mortgage insurance (PMI) could be eliminated from your monthly cost. All borrowers are subject to credit approval, underwriting approval and lender terms and conditions. Programs subject to change without notice. Some restrictions may apply. Not a commitment to lend.
