Top FAQ about Refinancing

Here are five questions to ask when considering refinancing a home:

  1. What are my current interest rate and monthly payments, and how do they compare to current market rates and payments?
  2. How long do I plan to stay in this home, and will the potential savings from refinancing outweigh the costs?
  3. What type of mortgage should I consider, and what are the terms and conditions of the loan?
  4. What fees and closing costs are associated with refinancing, and how will they impact my overall savings?
  5. Can I qualify for a better interest rate or loan terms based on changes to my credit score or financial situation since I obtained my original mortgage?
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