Should I refinance if I plan on moving soon?

Most lenders charge fees to refinance a loan. So, if you plan to only stay in the property for a couple of years, your monthly savings may not accumulate to recoup these costs. Example: A lender charged $1,000 to refinance your loan that resulted in saving you $50 each month; it would take 20-months to recoup your initial costs. Some lenders will charge a slightly higher than average interest rate on refinance loans, but will waive all costs associated with the loan. This will depend on the interest rate on your current loan.

Buccaneer Mortgage 
Serving All of Your Real Estate Needs

Get Started

How Much do You Qualify for?
Get Pre Approved Now

Apply Now

Fans of Buccaneer Mortgage
TheGoodPirates Home Loans

Testimonials