Is Now the Right Time to Refinance Your Texas Home?
Refinancing can lower your interest rate, shorten your loan term, or unlock equity for renovations and investments. The right time to refinance depends on current market rates, your credit profile, and your financial goals.
Start by comparing your current rate with prevailing market rates. Even a one‑percentage‑point reduction can significantly reduce your monthly payment and total interest paid over the life of the loan. Next, calculate your break‑even point—the time it takes for the savings from the lower rate to cover the closing costs of the refinance.
You should also review your financial situation. Improved credit scores, increased income, or a higher home value may allow you to qualify for better terms. Working with Black Horizon Consulting ensures that you weigh all factors and decide whether refinancing is a smart move for you.