When considering a refinance you want to make sure it’s the right move by comparing interest rates, weighing the cost, and analyzing your finances to determine what you can afford.

What is Your Current Rate?
If you are looking to refinance to save money on interest, compare your current rate to today’s rate. Utilize the mortgage calculator on my website to determine your interest savings.

How Long Do You Plan on Staying?
It is important to know how long you plan to stay in your home if you are considering a refinance because refinances come at a cost. You want to make sure you will break even before you sell the home.

How are Your Finances?
Depending on what your goal is with a refinance, if you have the money you could shorten your term which generally gets you lower rate. While a short term mortgage will substantially reduce the amount of interest you pay over the life of the loan, your monthly payments will likely increase, but you will be debt free faster.