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When Should You Re-Finance Your Home?

Feminine hands holds nine $100 bills fanned out towards camera

Refinancing your home can be a great way to save money, but when is the best time to do so?

Financing experts say that once you stand to save three-fourths of a percentage point or higher, it makes sense to consider a refinance. Refinancing from a rate of 4.9% to 3.9% saved one family over $1,500 a year!

Having your house reappraised can be another great way to save some cash every month. If the value of your home is determined to be higher than it was when you bought it, you may be able to reduce or completely eliminate your mortgage insurance.

If you’re wondering whether now is a good time to refinance or reappraise, give us a call and we can connect you with a great loan officer who can answer your questions.

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