Ever heard the old rule of thumb, you should only refinance if your new interest rate is at least 2% lower? Not true. It simply depends upon your mortgage amount. For instance; if you are refinancing $400,000 as compared to $100,000 you will save more money even if only lowering your rate 3/4 percent! It is basic math. Please email or call us and we will honestly and mathmatically figure out if refinancing your mortgage is best for you. You will of course be the judge based upon the amount of your savings!

There are of course other time you just plain need to refinance. You may wish to change to a lower term, pull cash out, or simply buy down your mortgage amount to lower your monhtly payment.

There of course is a cost to refinance your mortgage. With a refinance transaction the closing costs will be much less than when you purchased. The exact amount depends however on how much you are financing as well as several other factors such as your annual taxes and home owner's insurance premium.

We will gladly compute these figures for you so that you can make a wise financial decision. Our closing cost estimates are very accurate. Simply click the "Rate Quote" button at the top of the home page and that will provide us with what we need to provide an accurate closing cost estimate.