When should I refinance?
Is there a right time to refiannce like after 5 yrs or is it more about the rate? by chaki977 from Bridgeville, California. Jun 11th 2020
Henry Daniels (HenryJDanielsNationalMortgage)
#11 ranked lender in Texas - 145 contributions
It is an excellent time to refinance. The market is at the bottom and the rates are started to climb. Before anyone starts a refinance we provide a full analysis to show you if it makes sens in your situation to refinance at the current time depending on your situation.
Dan Paladin (dpaladin)
#357 ranked lender in California - 792 contributions
It just depends on the objective...if it is to just lower the rate...probably a good time.Feel free to contact me for a no obligation consultation. 562.254.5616
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions
The answer is there is no correct answer. I generally tell my clients it is the right time if it makes sense. For some, it is a lower rate and lower payment. For some, it is a shorter term. For others maybe it is taking some cash out. Talk to a licensed mortgage Loan Officer. Go over your wants, needs, and desires. It will become very obvious if it right to refinance or not. I lend in MN, IA, ND, SD, and WI. Find me at JoeMetzler.com. NMLS 274132
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