Mortgage Secrets Experts Don't Want You To Know
Refinancing Opportunities
Refinancing your mortgage can be a strategic move to lower your interest rate, reduce monthly payments, or access home equity. However, it's important to consider the costs associated with refinancing, which can include closing costs similar to those of your original mortgage. Timing is also crucial; refinancing when rates are low can lead to significant savings. According to Freddie Mac, the average homeowner could save approximately $2,800 annually by refinancing at current rates4.