Is Now the Right Time to Refinance?

Here are some things to consider.

Refinancing Math

Find your mortgage interest rate, then note the current rates. If the current rates are lower than your mortgage rate, it may be a good time to refinance. This is especially true if you plan to stay in your home for many years. You want to stay in your home long enough that the savings from refinancing are bigger than the cost of closing.

Other Considerations

If you’re considering refinancing, use a refinancing calculator to view your potential savings. You can always go talk to someone at your bank or credit union for an estimate of costs and savings. Remember to consider refinancing costs, which are usually between two and six percent of your outstanding principal balance.

Want to Learn More?

Join us on Thursday, May 15th to learn how refinancing your home could be a smart financial move. You’ll learn how to determine if now is the right time for you, hear about the different refi options available, and find out how to utilize the equity in your home to consolidate bills, start that next home improvement project or finally take that dream vacation.

• When: Thursday, May 15, 2025, at 5:30 p.m.

• Where: Fortera Credit Union - Dover Crossing Branch (inside the Dover Community Room - enter through exterior side entrance); 145 Dover Crossing Road, Clarksville TN

Space is limited so RSVP is required. Click here to reserve your free seat by Tuesday, May 13th.