Refinancing means you trade your old loan for a new one. It may help if it lowers your payment, shortens your loan, or moves you to a fixed rate - and if the savings are more than the cost of the new loan.
People refinance to lower their monthly payment, pay their home off sooner, use some of the value they have built up, or move from an adjustable rate to a fixed rate that stays the same. It also has costs, like fees to set up the new loan. The key question is simple: will the new loan save you more than it costs, in a time frame that makes sense for how long you plan to stay? We will run those numbers with you, in plain words, before you decide. If it does not help you, we will tell you.
Already have a VA loan? See the Streamline VA refinance on the VA page: a simpler way to refinance it, with less documentation than a brand-new loan, for people who qualify.
See the Refinance page, or talk with Deb.
