Transform Your Mortgage Into Massive Savings Today

Real-World Considerations and Costs

While refinancing can lead to substantial savings, it's essential to consider the costs involved. Closing costs typically range from 2% to 5% of the loan amount⁴. It's crucial to calculate your break-even point—the time it takes for the savings from a lower interest rate to exceed the closing costs. If you plan to stay in your home beyond this point, refinancing is likely a wise financial move.