Know What You Want To Change
You might be reviewing your payment, loan term or mortgage insurance. Start with the reason you want a different loan.
Look Beyond The Rate
Compare closing costs, the new loan balance and the time needed to recover upfront costs. Extending a term can lower a payment while increasing the time you pay interest.
Consider How Long You’ll Stay
A refinance should be considered alongside how long you expect to keep the home and loan. Ask Douglas to walk through the tradeoffs.