Many homeowners assume that if they did not refinance when rates hit historic lows, they missed their chance. But the truth is, refinancing is not only about chasing the lowest possible rate. It is about improving your overall financial picture. Depending on your current loan, interest rate, and personal goals, refinancing could still save you money or help you reach new financial milestones.
Why Shopping for a Mortgage Can Save You Thousands
When buying a home or refinancing, comparing mortgage options can make a significant financial difference. Many borrowers assume that the first loan offer they receive is the best one, but taking the time to explore multiple lenders can lead to substantial savings.
