How to Know When to Refinance

Happy family is standing near their modern house smiling and looking at camera.

Homeownership, the interest rate market and big life events are all great indicators of when to refinance your home. These scenarios range from needing a new roof or home remodeling project to pulling cash out to pay down other consumer debt or fund a college education.

Here’s how to know when to refinance:

Understanding when the time is right, plays a role in beginning the refinance process. If you answer yes to any of these questions, now may be that time.

  • Do you want to lower your monthly payment on your home mortgage?
  • Are you considering a remodeling or home improvement project?
  • Do you have consumer debt that you want to pay down?
  • Do you have college expenses looming?

Contact the Priority Mortgage team at 614-431-1141 to discuss your plans and refinance opportunities.  First and foremost, we will review your overall financial health and future plans to help you make the best decision for you and your family.