Is Refinancing Right for You?
Refinancing can save thousands, but isn't always right. Here's how to decide.
When It Makes Sense
- Rate dropped 0.5%+ from your current rate
- Credit score improved 50+ points
- Need cash for improvements
- ARM adjustment coming
- Home appreciated enough to remove PMI
Break-Even Calculation
Divide closing costs by monthly savings = months to break even.
Mountain Property Considerations
- New appraisal by mountain specialist
- Updated HOA documentation
- Well/septic inspection if applicable
Contact Cedar Home Loans for a free refinance analysis.
