With the mortgage industry constantly evolving, it’s imperative that homeowners are annually re-evaluating their current mortgages. What may have been the perfect mortgage for you five years ago could very well be a far less desirable option for you in the present day.
If the market’s mortgage variables have shifted since you originally signed your mortgage, it may be time for you to consider refinancing as a potential opportunity to save money in the long run.
The mortgage industry is constantly changing. For that reason it is very important for you to re-evaluate your current mortgage on an annual basis. The market is continually changing and new products are being introduced all the time, so what may have been a perfect fit a short time ago may not be today. If current interest rates or other mortgage variables have changed since your original mortgage you should compare the costs of refinancing to the amount of money you could save.