Today's mortgage refinance can save you thousands instantly
When to Consider Refinancing
Timing is crucial when it comes to refinancing. If current interest rates are at least 1% lower than your existing mortgage rate, it might be a good time to consider this option1. Additionally, if your credit score has improved since you first obtained your mortgage, you might qualify for even better rates. Homeowners should also assess their long-term plans; if you plan to stay in your home for several more years, refinancing could be a wise financial decision.