Is now a good time to refinance?

Interest rates are near an all time low. If you’re unsure of whether or not to refinance now or wait to see if interest rates will drop, you might want to consider a zero cost refi. By getting a zero cost refi, you can gain the benefit of lowering your rate AND not spend any money to complete the refi. If rates continue to drop in the future, since there was no financial expense, there is no financial loss if you decide to refinance again. Although a zero cost refi typically has a 0.125% higher rate than a refi where you pay your lender fees, you nonetheless reap the benefits of getting a lower rate than your existing rate.

If you have any questions, please feel free to contact me anytime.