Should I Consider Refinancing My Mortgage?

When interest rates decline, mortgage refinancing becomes a particularly popular topic.

However, there are several other good reasons for you to consider refinancing, including an increase in credit score or home value, or the availability of more favorable loan terms.

Each person’s situation is unique, and many factors must be considered before making the decision to refinance.

This checklist helps guide you about your mortgage and covers:

• Interest rate trends
• Current loan rates and terms
• Available alternatives
• Motivations for refinancing
• Cautions against refinancing