Does it Make Sense to Refinance?

One of the most common questions I get is: “Does it make sense for me to refinance right now?”

The honest answer is — it depends.

Refinancing isn’t just about getting a lower interest rate. While rate reductions can certainly lower your monthly payment or save you money over time, there are several other reasons refinancing might make sense.

For example, you may want to:

• Shorten your loan term to build equity faster
• Convert from an adjustable-rate mortgage to a fixed rate
• Consolidate higher-interest debt
• Access equity for renovations, investments, or other financial goals

The key is looking at the full picture — your current rate, remaining loan term, closing costs, long-term plans, and overall financial strategy. In some cases, refinancing can create meaningful savings. In others, staying put may be the smarter move.

That’s why I always recommend a personalized review rather than a one-size-fits-all answer.

If you’ve been wondering whether refinancing makes sense for you, I’m happy to run the numbers and walk you through your options — so you can make a confident, informed decision.

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