Planning to refinance your mortgage starts long before you fill out an application. Like when you got your original mortgage, it’s best to start planning and getting your finances in order before applying.
If you’re reading this, you’re likely researching whether it’s a good time to refinance your home loan. And if you’re researching whether it’s a good time to refinance your home loan, you’ve likely read a lot of articles on the topic.
Refinancing for the right reasons at the right time can be hugely beneficial for homeowners. It can provide a much-needed influx of cash at a low-interest rate or keep more money in your pocket over the life of your loan.
You’ve got a lot of options when it comes to finding a mortgage lender. From traditional lenders at financial institutions to the ever-increasing amount of online lenders, there’s no shortage of options for homebuyers and refinancers to choose from.