When You Should Refinance
When you should refinance is a big question on the minds of many homeowners now that rates have started to move downward. How do you know when is the right time for you to start the paperwork? Should you wait a few months or start the process now? With the current talk about interest rates dropping refinancing a mortgage can be a smart financial move, but the timing and circumstances need to be right. Here’s a breakdown of the best time to refinance, things to consider, and how your home equity impacts the process: