I have a few lenders offering a no fee refinance, where they will cover legal and appraisal (~$1,000). You would only be subject to paying any penalty applicable with your current lender, which depending on the amount, can be recouped by refinancing at a lower rate.
Refinancing can allow you to:
- Lock in to today's all-time low interest rates
- Consolidate debt
- Lower payments (stretch out amortization - 35 years still available!)
- Increase cash flow
- Access equity for investments/renovations, etc.
Happy to answer any and all questions involved with the process, including whether it makes sense for you.
|