Refinance

QHow Do I Know When It's Time To Refinance? With The New Lower Interest Rates, Is It Worth Refinancing?
ATo refinance, you need to lower your monthly payments by enough to cover your closing costs on the loan before you sell the house. A no-cost refinancing is tempting, but it really isn't free. You either pay a higher interest rate than you would otherwise or wind up borrowing the closing costs. Don't just look at the lower payment and commit to the refinancing. Understand how the lender is covering the closing costs. Lender's online calculator can help you determine the number of months it will take to recoup your costs.