Should You Refinance Your Mortgage Now? Factors to Consider

Washington Post, Sept. 28, 2021–Harriet Edleson
There is a break-even period and it will vary depending on the loan. Typically, after three years you start to reap the benefits of refinancing. Ask yourself, “Are you going to stay there or own the home long enough to take advantage of the refinancing?” says Joel Kan, associate vice president, economic and industry forecasting, at the Mortgage Bankers Association.