When is the right time to refinance?
Knowing the right time to do a home mortgage refinance depends on where you are financially and what you are trying to accomplish. It may be the right time for refinancing your home if:
- You want to lower your monthly payment and you don't mind if you end up paying more interest over the life of the loan
- You want to shorten the term of your loan and you can afford to pay more per month
- You want to get cash out for a home improvement project or to pay off consumer debt
- You have an adjustable-rate mortgage (ARM) and you want to convert to a fixed-rate mortgage to lock in current rate
The lenders on RefinancingRight.com will be happy to discuss your options with you. Contact one or more of them today.