If you plan to stay for many years, refinancing might save you money over time. Short-term stays may not justify the refinancing costs.
Are there fees associated with your current mortgage?
Check if there are early payoff penalties or other fees before refinancing. Your loan consultant can help assess these costs.
What’s your credit score?
Review your credit report before refinancing. A higher credit score often results in better refinancing offers and lower interest rates. If there are any errors, dispute them before applying
