This downloadable PDF flowchart can help you analyze your situation
We’ve seen many unprecedented events since the pandemic first hit, including mortgage refinances reach record highs, and rates reach record lows. It seemed everyone and their dog was refinancing their mortgages, some people more than once as rates continued to drop. Now that rates are expected to increase soon. some people may think they missed the refinancing boat. While obtaining a lower rate is certainly a reason to consider refinancing your mortgage, it isn’t the only one. Our flow chart will help you navigate through the different variables to consider and whether or not it is right for you.
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