Mortgage Refinance

If you’re considering a mortgage refinance there are several things that must be considered. A mortgage refinance is only effective if you are expecting to hold the loan long enough to absorb the costs associated with closing. Even if a lender is not charging its own closing costs for a mortgage refinance, a mortgage refinance still requires title costs, government recording charges, and appraisal fees. One also must consider if the monthly and annual interest savings of a mortgage refinance is worth extending the length of the loan note. In today’s market it often makes sense to refinance after examining these considerations. To help work through the numbers please feel free to give us a call!