The Decision to Refinance

If you’re considering a refinance, now may be the time.

The decision to refinance ultimately comes down to the goal you’re hoping to accomplish and your current mortgage situation. Your goal may be to take cash out of your home or obtain a lower interest rate and lower monthly payment. However, it’s always important to keep in mind, you should only refinance if it lowers your overall mortgage costs and if you’re able to break even on the refinance in a reasonable period of time.

The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.