Mortgage Refinance Timing Secrets Top Financial Experts Reveal
Your Personal Financial Health
Before you refinance, it’s essential to assess your credit score and debt-to-income ratio, as these factors will impact the rates and terms you are offered. A higher credit score can qualify you for better rates, potentially saving you thousands over the life of the loan. According to Experian, improving your credit score by even a few points can make a significant difference in the interest rate you receive2.