Home Mortgage Tips & Insights
Articles to help you purchase or refinance your home
When should you refinance your home?
The best time to refinance your mortgage is when current interest rates are significantly lower than the rate you have on your mortgage now.
That’s because nearly all mortgage refinances come with closing costs you will need to pay or add to your loan amount. You want to make paying these costs worthwhile when you refinance your home and lowering your interest rate is often the best way to do it.
You might pay anywhere between 2% and 6% of your loan amount in closing costs when you refinance. You can refinance your home with conventional, VA, FHA, and USDA loans.
Get started today by getting a personalized evaluation of your home loan options from Freedom Mortgage.