Skip To Content

    Is Now the Right Time to Refinance?

    How do you know whether you should refinance? Today I’m sharing a good rule of thumb.


    Interest rates are incredibly low right now. I had a lender friend reach out to me to say he just refinanced one of my clients’ homes for 3.1% for a 30-year fixed loan. 15-year fixed loans have rates even lower than that. How do you know when you should refinance your home? The rule of thumb for refinancing is if your interest rate is a percentage point higher than what buyers can get now, and you’re planning on staying in your home for at least a couple of years to actualize the savings, then it makes sense to refinance. You’ll save money! 


    If you need a lender, we have a few with low-cost options that can help refinance your home. Please reach out via phone or email if you’d like us to put you in touch with them or if you have any real estate questions. We would love to help you.

    Trackback from your site.

    Leave a Reply

    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the Myrtle Beach, SC area.
    Reviews on Zillow
    "I Have worked with Brad several times on various projects. He is by far the most professional, knowledgeable representative I have ever used. His ... more "
    by petrou97
    "Brad exceeded all expectations during our search and purchase of a property. Being from out of town, it was difficult to be present in Myrtle Beach as ... more "
    by zuser20170112074219615