Deciding “Should I refinance my mortgage?” is a major financial crossroads. At CincyRefinance, we help Cincinnati homeowners analyze the numbers to determine if the timing is right to trade in their current loan for a better one.
Key Indicators It’s Time to Refinance
- Interest Rate Drop: The general rule of thumb is if you can lower your rate by 0.75% to 1%, it’s worth investigating.
- Improved Credit Score: If your credit has improved significantly since you bought your home, you likely qualify for much better terms.
- Shortening Your Term: Moving from a 30-year to a 15-year mortgage can save you tens of thousands in interest over the life of the loan.
Our experts provide a no-obligation analysis of your current mortgage. Visit our homepage to see if you can save.