With Lower Mortgage Rates on Offer, is Now the Right Time to Refinance?

When you refinance your mortgage, you pay off your existing loan and replace it with a completely new agreement. Refinancing usually comes at a cost, which, in most cases, is between 2-5% of the loan principal, not to mention the appraisal, application fees, and the title search. Because of this, it’s important to know whether … Read more