Refinance

If any of the following sound like you, refinancing should absolutely be on the table. Here are a few questions to ask yourself:

· Have you been wanting to make home improvements, but didn't know how to finance it?

· Have you been wanting to payoff some of those lingering, higher interest debts? Such as credit card debt or student loans?

· Maybe your rate is on the higher side & you want to lower it? I mean, who wouldn't want to save an extra couple hundred dollars a month?!

· Have you been wanting to go on that dream vacation, or beef up your emergency fund? You work hard for your money--it's okay to enjoy it!

These questions are good to think about. However, everyone's situation is different. The best way to know is to talk to us about it! We can look at actual numbers that will help you get a better idea if refinancing is right for you. 

This question is very dependent on your circumstances. We highly encourage you to connect with us to see what would be the best choice for you. In the meantime, here are some factors to consider:
 

· How extensive is the home improvement?

· How much equity do you have in the house?

Are you just touching up some paint or changing the carpet in a bedroom? Or are you gutting rooms, tearing down walls, making additions or landscaping?
 

This will dictate how much cash you plan on investing in these improvements. From there, budget appropriately. You may find you're able to pull it off without refinancing. Or, you may need to pull extra cash-out in order to finance the home improvements.
 

However, if you don't have much equity, doing a cash-out refinance may be more difficult to pull off since there isn't as much cash to pull.

Again, while this is a frequent question, it is one very much based on individual circumstances. Give us a call, or email & we would love to hear you & support you!