Thinking about refinancing your mortgage? Before you make a decision, it's essential to calculate whether the savings will outweigh the costs. In this video, we explain the simplest way to determine if refinancing makes sense for you: by comparing your savings on principal and interest to the closing costs of the new loan.

Many homeowners forget about closing costs when refinancing, but they can have a significant impact on whether it’s truly beneficial. We’ll guide you through the key steps to ensure that your refinancing savings will offset these costs. Additionally, we'll cover an often-overlooked variable—how long you plan to stay in your home, which plays a crucial role in determining if refinancing is the right move.

If you’re considering refinancing, this video will give you the tools to calculate whether it's a smart financial move for your unique situation.

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