When Should You Refinance Your Mortgage?
Because today's rates are even lower than those available just a few years ago, how do you know if refinancing is right for you?
Many people who got a mortgage in recent years are paying some of the lowest interest rates ever seen in the housing market.
But because today's rates are even lower than those available just a few years ago, how do you know if refinancing is right for you?
In the mortgage industry, the rule of thumb is that if you can cut your rate by one percentage point, refinancing might be a good idea.
But there are other factors to consider, such as how much equity you've built up or when you plan to move.
Get in touch with your local Vectra Bank representative today to talk about your options* and find the best plan for your unique situation.
*Credit approval required. Terms and conditions apply. See banker for details. Equal Housing Lender. NMLS #467014
The information contained herein may not represent the views and opinions of Vectra Bank a division of Zions Bancorporation, N.A. It is presented for general informational purposes only and does not constitute tax, legal or business advice.