Why Refinance?

When is the Best Time to Refinance—Even If You Already Have a Low Rate?

It’s a question I hear often: “Why would I refinance when my rate is already low?” While a lower interest rate used to be the main reason to refinance, today’s homeowners are looking beyond rates to make strategic financial decisions.

If you’ve built significant equity, a refinance can help you access cash for home improvements, debt consolidation, or investments—often at better terms than credit cards or personal loans. Others refinance to remove mortgage insurance, change loan terms, or add or remove a borrower after a life event or business change.

Even if your rate is lower than what’s available today, it’s worth reviewing the whole picture—your goals, cash flow, and current financial needs. Sometimes, the value of flexibility outweighs a slightly higher rate.

At Work & Associates Home Loans, I take the time to walk you through your options and help you decide whether a refinance makes sense for your situation—not just based on numbers, but on what’s right for you.

Let’s review your current mortgage and explore your best path forward.