05 Jun How to Decide What’s Right for Your Home — and Your Wallet — This Season
Posted at 02:10h
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As the real estate market shifts with the seasons, many homeowners are asking the same question: Should I refinance my mortgage or invest in renovations? With interest rates fluctuating and summer around the corner, now is the perfect time to assess your goals and make a strategic decision.
Refinancing: A Smart Move for Some
Refinancing your mortgage can lead to lower monthly payments, shorter loan terms, or the ability to tap into your home’s equity. This can be especially appealing if:
- You secured your mortgage when rates were significantly higher.
- Your credit score has improved.
- You want to consolidate high-interest debt.
- You need funds for a major renovation but prefer a mortgage refinance over a personal loan or line of credit.