Thinking about Refinancing? 

Here are 5 tips to help you decide! 

1. Check your credit score: 

A higher credit score can help you qualify for better rates. Review your score and take steps to improve it if needed before applying. 

2. Evaluate your Financial Goals: 

Are you looking to lower your monthly payments, shorten your lean term, or tap into your home’s equity? Know your goals will help you choose the right refinance option. 

3. Compare Rates and Fees: 

Don’t just look at the interest rate—- Pay attention to closing costs and fees as well. Sometimes a slightly higher rate with lower fees is the better deal! 

4. Calculate Your Break-Even Point: 

Determine how long it will take a recoup the costs of refinancing with your new lower payment. If you plan to stay in your home past this point, refinancing might be a great option. 

5. Avoid Majoy Financial Changes: 

Just like with a new mortgage, avoid large purchases or ne credit lines during the refinancing process to keep your credit profile stable.