|
Refinancing Basics
When a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefit outweighs the cost and time involved. If you're thinking about refinancing to lower your payment, shorten your loan term, tap into equity, or switch from an adjustable to a fixed rate, the math matters. Sometimes a small rate improvement doesn't justify closing costs. Other times, staying put is smarter than resetting the clock on a 30-year loan you're already five years into. I help clients run the real numbers—not the sales pitch—so you can decide with confidence. If you're curious whether refinancing could work for your situation, let's talk through the specifics. If you're wondering whether a refinance makes sense for you, I'm happy to walk through your options with no pressure.
|