With interest rates lower than they have been in decades, it's a good idea to lock in a low 30 year interest rate.

When you refinance, you might be able to lower your interest rate and monthly payment -- sometimes significantly. You might also be able to "cash out" some of the built-up equity in your home, which you can use to consolidate debt, improve your home, take a vacation -- whatever!

All these benefits do cost something, though. When you refinance, you're paying for most of the same things you paid for when you obtained your original mortgage. These might include settlement costs and other fees, an appraisal, lender's title insurance, underwriting fees, and so on.

You might pay points to get a more favorable interest rate.  Ultimately, for most people the amount of up-front costs to refinance are made up very quickly in monthly savings. I'll work with you to determine what program is best for you considering your cash on hand and how likely you are to sell your home in the near future.

Contact me to set up an appointment and together we can go over the costs and benefits of a refinance for you.  Don't wait too long--we don't know how long the low rates will last.