Should You Refinance?

The Fed reduced rates once again this week.  This usually causes many people to wonder… should I refinance my mortgage?

Refinancing offers many benefits but if you’re considering it, there are some things you need to know.  Let’s take a look at the benefits first, then answer a couple of questions you might have about the process. 

Benefits of refinancing:

#1:  Save money.  If your mortgage is currently at a high interest rate, now might be a good time to refinance at a lower rate.  Refinancing not only reduces your monthly payment, but could save you thousands in interest over the life of your loan.