Asked by Sonya  |  Submitted January 19, 2017

How do I decide if it's a good time to refinance?

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  Answers  |  2

February 01, 2017

Compare your current rate and payment with any new proposed rate and payment, and review the costs for the refinance. If you can recover the costs of the refinance via the monthly payment savings in several years then it's likely worthwhile to consider a refinance.

$commenter.renderDisplayableName() | 10.27.20 @ 04:07


February 03, 2017

While this is a great question it would be difficult for anyone to answer for you without a lot more specific information like the life of your loan, the loan balance, your current interest rate, and your personal financial situation. This video gives a lot of great advice about deciding when to refinance. 

$commenter.renderDisplayableName() | 10.27.20 @ 04:07