{"id":23228,"date":"2026-02-11T21:07:58","date_gmt":"2026-02-11T21:07:58","guid":{"rendered":"https:\/\/incredipros.com\/?p=23228"},"modified":"2026-02-11T21:08:12","modified_gmt":"2026-02-11T21:08:12","slug":"when-should-you-refinance-your-mortgage","status":"publish","type":"post","link":"https:\/\/incredipros.com\/?p=23228","title":{"rendered":"When Should You Refinance Your Mortgage?"},"content":{"rendered":"<div>\n<div id=\"block_870d3e74e76ac66230a4e96643968b64\" class=\"key-takeaways sm:border-l-4 border-(--accent) sm:pl-8 my-8 relative\" style=\"--accent: var(--color-blue-medium)\">\n    <!-- htmlmin:ignore --><\/p>\n<h2 class=\"heading-4 mt-0 mb-4 text-crop-none max-sm:flex max-sm:items-center max-sm:gap-4\" id=\"key-takeaways\" data-position=\"0\" data-beam-element-viewed=\"\" data-id=\"br-h2-0-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Key takeaways\" data-outcome=\"\">\n    <span class=\"shrink-0\">Key takeaways<\/span><br \/>\n        <span class=\"max-sm:h-0.5 max-sm:w-full max-sm:w-full max-sm:bg-(--accent) max-sm:rounded-full max-sm:block\"\/><br \/>\n    <\/h2>\n<p>    <!-- htmlmin:ignore --><\/p>\n<ul class=\"flex flex-col text-gray-700 mb-0 gap-2 list-disc\">\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            Refinancing your mortgage can help you lower your rate, access your home\u2019s equity or move to a fixed-rate loan.\n                                                <\/li>\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            For most homeowners, the best time to refinance is when you qualify for a lower rate than you\u2019re currently paying.\n                                                <\/li>\n<li class=\"pl-4 relative marker:text-(--accent)\">\n                                                            If you want to refinance, calculate the break-even point so you\u2019ll know exactly how long it\u2019ll take to realize the savings.\n                                                <\/li>\n<\/ul>\n<\/div>\n<p>There are several key factors to consider before you take any decisive action toward refinancing your mortgage. Most homeowners consider taking this step when the refinance rates fall, but there may be other reasons that could work for your situation.\u00a0<\/p>\n<p>Here\u2019s how to figure out when to refinance \u2014 and when you may want to stay the course with your current loan.<\/p>\n<h2 id=\"when-to-refinance\" data-position=\"1\" data-beam-element-viewed=\"\" data-id=\"br-h2-1-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"When should you refinance your home?\" data-outcome=\"\">When should you refinance your home?<\/h2>\n<p>For many borrowers, it\u2019s best to refinance when you can lower your interest rate \u2014 and your monthly payment \u2014 but that\u2019s not the only factor to consider.<\/p>\n<p>Bill Packer, chief operating officer of reverse mortgage lender Longbridge Financial, suggests three factors to consider when weighing a refinance:<\/p>\n<ol class=\"wp-block-list\">\n<li>The after-tax monthly savings (the new payment compared to the old payment, accounting for any tax-favored treatment)<\/li>\n<li>The amount of time you intend to be in the home<\/li>\n<li>The <u>refinance closing costs<\/u>\n<\/li>\n<\/ol>\n<p>Once you\u2019ve determined these three things, you can calculate your return to see if it\u2019s positive, Packer says.<\/p>\n<h3>Example: <strong>Should I refinance my mortgage?<\/strong><br \/>\n<\/h3>\n<p>Suppose you take out a 30-year mortgage for $320,000 at a 7.23% fixed rate. Your monthly payment is $2,179, and over the life of the loan, you\u2019ll pay $784,305 \u2014 including $464,305 in interest.<\/p>\n<p>Five years later, rates drop to 6.54% and your remaining principal balance is $301,950. Refinancing into another 30-year loan at that lower rate would reduce your monthly payment to $1,916, saving you more than $260 a month. However, while the new loan would total $387,983 in interest, that doesn\u2019t include the $112,667 you\u2019ve already paid. In fact, you\u2019d pay over $36,000 more in interest over the life of the new loan. In this scenario, refinancing wouldn\u2019t make much of a difference overall.\u00a0<\/p>\n<p>To save more on total interest, consider refinancing to a shorter term, such as a 25-year loan. You\u2019d still save money each month compared to your current payment, and you could cut nearly $40,000 from your overall interest costs.<\/p>\n<div class=\"w-full overflow-x-auto\">\n<table class=\"wp-block-table ck-table-resized is-style-stripes has-fixed-layout wrapped\">\n<thead>\n<tr>\n<th>\u00a0<\/th>\n<th><strong>Current mortgage<\/strong><\/th>\n<th><strong>30-year refinance<\/strong><\/th>\n<th><strong>25-year refinance<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Monthly payment<\/strong><\/td>\n<td>$2,179<\/td>\n<td>$1,916<\/td>\n<td>$2,046<\/td>\n<\/tr>\n<tr>\n<td><strong>Interest rate<\/strong><\/td>\n<td>7.23%<\/td>\n<td>6.54%<\/td>\n<td>6.54%<\/td>\n<\/tr>\n<tr>\n<td><strong>Interest total<\/strong><\/td>\n<td>$464,305<\/td>\n<td>$500,650<\/td>\n<td>$424,619<\/td>\n<\/tr>\n<tr>\n<td><strong>Interest savings<\/strong><\/td>\n<td>$0<\/td>\n<td>-$36,345<\/td>\n<td>$39,686<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>However, don\u2019t forget that the total amount you can save by refinancing depends on several factors beyond rate, including your closing costs and whether you\u2019ve chosen the <u>right kind of refinance<\/u> for your needs.<\/p>\n<p>You won\u2019t begin to realize savings until you reach the break-even point: when the amount that you save exceeds the closing costs.<\/p>\n<p>Using the 30-year refinance example above, say your refinance closing costs total $6,000. To determine the break-even point, divide the closing costs by the amount you\u2019ll save each month with your new payment.<\/p>\n<section class=\"editorial-insight-box --insight-box +mg-vertical-md\" data-template=\"insight_box\">\n<div class=\"card-body border-l-4 border-blue-800\">\n<div class=\"content-wrapper\">\n<div class=\"content wysiwyg wysiwyg--flush\">\n<p>$6,000 <strong>\/<\/strong> $263 <strong>=<\/strong> 22.8 months, or a little less than two years<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p>If you don\u2019t plan to stay in your home that long, refinancing might not make sense.<\/p>\n<h2 id=\"reasons-to-refinance\" data-position=\"2\" data-beam-element-viewed=\"\" data-id=\"br-h2-2-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Reasons to refinance your mortgage\" data-outcome=\"\">Reasons to refinance your mortgage<\/h2>\n<p>Here are some key factors to help you know when to refinance a mortgage:<\/p>\n<h3>\n<strong>1. You want to l<\/strong>ower the interest rate<\/h3>\n<p>If mortgage rates have fallen since you took out your loan, a rate-and-term refinance could help you secure a lower rate if you qualify. As a general rule, refinancing makes sense when you can reduce your rate by one-half to three-quarters of a percentage point.<\/p>\n<p>You may also qualify for a better rate if your credit score has improved. Borrowers with scores around 780 or higher typically receive the lowest available rates.<\/p>\n<h3>\n<strong>2. You\u2019re able to<\/strong> shorten the loan term<\/h3>\n<p>You can also refinance to shorten the time it takes to repay your loan. If you have a 30-year mortgage, for example, you might want to <u>refinance to a new 15-year mortgage<\/u>. Ideally, you\u2019d get a lower interest rate and lower monthly payments with the new loan, but it depends on prevailing rates and your remaining loan balance.<\/p>\n<h3>\n<strong>3. You want to c<\/strong>hange the rate structure<\/h3>\n<p>Along with lowering the rate or shortening the term, some borrowers <u>refinance from an adjustable-rate mortgage (ARM) to a fixed-rate loan<\/u>. A fixed rate makes your monthly payment consistent, which can be easier on your budget. On the flip side, switching a fixed-rate loan to an ARM might allow for lower payments until the rate adjusts.<\/p>\n<h3>\n<strong>4. You plan to p<\/strong>ay for large expenses<\/h3>\n<p>You can use a <u>cash-out refinance<\/u> to tap your home\u2019s equity for cash. You can use these funds for any purpose, such as:<\/p>\n<ul class=\"wp-block-list\">\n<li>Reducing or eliminating high-interest debt<\/li>\n<li><u>Renovating your home<\/u><\/li>\n<li>Paying college tuition<\/li>\n<li>Investing in property<\/li>\n<\/ul>\n<h3>\n<strong>5. You wish to eliminate your<\/strong> private mortgage insurance (PMI)<\/h3>\n<p>If you have a conventional loan and your home\u2019s value has risen, refinancing could help you eliminate private mortgage insurance (PMI) sooner than scheduled. And if you have an FHA loan with at least 20% equity, refinancing into a conventional loan can remove mortgage insurance altogether.<\/p>\n<h3>\n<strong>6. You need to c<\/strong>hange the home\u2019s ownership<\/h3>\n<p>If you need to change the people who are responsible for the mortgage \u2014 for example, if you\u2019re divorcing and one of you intends to keep the home \u2014 refinancing may be your best option. Keep in mind that whoever remains in the home will need to qualify for the mortgage with their finances alone.<\/p>\n<h2 id=\"reasons-not-to-refinance\" data-position=\"3\" data-beam-element-viewed=\"\" data-id=\"br-h2-3-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"When you should not refinance\" data-outcome=\"\">When you should not refinance<\/h2>\n<p>Refinancing may not always be the right move. You may want to hold off if:<\/p>\n<ul class=\"wp-block-list\">\n<li>\n<strong>You\u2019d pay more in interest.<\/strong> If current rates are higher than your existing rate, or your credit profile won\u2019t qualify you for a better loan, refinancing likely won\u2019t make sense.<\/li>\n<li>\n<strong>You plan to sell soon.<\/strong> You probably won\u2019t be in the house long enough to recoup closing costs.<\/li>\n<li>\n<strong>You\u2019d use the savings for non-essential spending. <\/strong>Tapping home equity for short-term purchases, such as a car or vacation, can put your home at financial risk.<\/li>\n<li>\n<strong>You\u2019re far into your loan term.<\/strong> If you\u2019re past the midpoint, refinancing can reset the clock and increase your total interest cost.\u00a0<\/li>\n<li>\n<strong>You\u2019re applying for other credit soon.<\/strong> A refinance can temporarily lower your credit score, which could impact upcoming loan applications.<\/li>\n<\/ul>\n<h2 id=\"worth-it\" data-position=\"4\" data-beam-element-viewed=\"\" data-id=\"br-h2-4-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Is refinancing worth it?\" data-outcome=\"\">Is refinancing worth it?<\/h2>\n<p>If refinancing saves you money, either by lowering your monthly payment, reducing total interest or helping you reach another financial goal, it may be worth the cost and time.<\/p>\n<div class=\"BlockQuote pb-8 BlockQuote--bordered flex flex-col items-center text-center md:text-left md:flex-row gap-3 md:gap-8 mb-8 md:mb-0\">\n<blockquote class=\"BlockQuote-text text-center md:text-left\"><p>\n        <q>It\u2019s important to determine your break-even point. Remember that refinancing has costs just like a regular mortgage. While your goal might be a shorter loan term or a lower interest rate, if you plan to sell your home in a few years, it might not make financial sense. Make sure the benefits outweigh the costs.<\/q><br \/>\n                    <cite class=\"PullQuote-cite text-gray-900 ml-0 md:ml-4\"><br \/>\n                \u2014 Linda Bell, Bankrate Senior Insights Analyst<br \/>\n            <\/cite>\n            <\/p><\/blockquote>\n<\/div>\n<h2 id=\"faq\" data-position=\"5\" data-beam-element-viewed=\"\" data-id=\"br-h2-5-onpage-placement\" data-type=\"h2\" data-location=\"Editorial\" data-name=\"h2_all\" data-text=\"Frequently asked questions\" data-outcome=\"\">Frequently asked questions<\/h2>\n<ul class=\"Accordion w-full align\">\n<li x-id=\"['panel-accordion-item-0', 'heading-accordion-item-0']\" x-data=\"{ expanded: 0 }\" class=\"Accordion-item\">\n<button class=\"Accordion-titleContainer py-4 px-3 sm:px-6 group sm:py-6\" type=\"button\" :id=\"$id('heading-accordion-item-0')\" :aria-controls=\"$id('panel-accordion-item-0')\" :aria-expanded=\"expanded ? true : false\" x-on:click=\"expanded = !expanded\" :data-outcome=\"expanded ? 'open_accordion' : 'close_accordion'\"><!-- htmlmin:ignore --><\/p>\n<h3 class=\"Accordion-title my-0 mr-2 md:flex-1\">\n    How does refinancing a mortgage work?<br \/>\n    <\/h3>\n<p><!-- htmlmin:ignore --><span class=\"Accordion-icon Icon mb-0 block leading-none Icon--sm icon-base-blue-600\" aria-hidden=\"true\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"Icon-glyph\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><title>Caret Down Icon<\/title>\n<path d=\"M12 17.152c-.33 0-.675-.131-.94-.378L3.384 9.09a1.32 1.32 0 0 1 0-1.86c.51-.51 1.351-.51 1.862 0L12 13.977l6.755-6.747c.51-.51 1.351-.51 1.862 0 .51.51.51 1.35 0 1.86l-7.694 7.684a1.295 1.295 0 0 1-.94.378H12Z\" class=\"icon-base\"\/><\/svg><\/span><\/button><\/p>\n<div class=\"Accordion-contentWrapper\" :id=\"$id('panel-accordion-item-0')\" :aria-labelledby=\"$id('heading-accordion-item-0')\" x-show=\"expanded\" x-collapse=\"\" role=\"region\" style=\"height: 0; overflow: hidden; display: none;\">\n<div class=\"Accordion-content text-gray-700 px-3 pb-4 sm:px-6 sm:pb-6\">\n<p>Refinancing replaces your current mortgage with a new one. It\u2019s often done to lower your interest rate, change the loan term, or access home equity.<\/p>\n<p>The process is similar to getting your original mortgage. You apply with a lender, provide financial documents, undergo a credit check and home appraisal and pay closing costs. Once approved, the new loan pays off your existing mortgage, and you begin making payments on the refinanced loan.<\/p>\n<\/div>\n<\/div>\n<\/li>\n<li x-id=\"['panel-accordion-item-1', 'heading-accordion-item-1']\" x-data=\"{ expanded: 0 }\" class=\"Accordion-item\">\n<button class=\"Accordion-titleContainer py-4 px-3 sm:px-6 group sm:py-6\" type=\"button\" :id=\"$id('heading-accordion-item-1')\" :aria-controls=\"$id('panel-accordion-item-1')\" :aria-expanded=\"expanded ? true : false\" x-on:click=\"expanded = !expanded\" :data-outcome=\"expanded ? 'open_accordion' : 'close_accordion'\"><!-- htmlmin:ignore --><\/p>\n<h3 class=\"Accordion-title my-0 mr-2 md:flex-1\">\n    How soon can you refinance a mortgage?<br \/>\n    <\/h3>\n<p><!-- htmlmin:ignore --><span class=\"Accordion-icon Icon mb-0 block leading-none Icon--sm icon-base-blue-600\" aria-hidden=\"true\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"Icon-glyph\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><title>Caret Down Icon<\/title>\n<path d=\"M12 17.152c-.33 0-.675-.131-.94-.378L3.384 9.09a1.32 1.32 0 0 1 0-1.86c.51-.51 1.351-.51 1.862 0L12 13.977l6.755-6.747c.51-.51 1.351-.51 1.862 0 .51.51.51 1.35 0 1.86l-7.694 7.684a1.295 1.295 0 0 1-.94.378H12Z\" class=\"icon-base\"\/><\/svg><\/span><\/button><\/p>\n<div class=\"Accordion-contentWrapper\" :id=\"$id('panel-accordion-item-1')\" :aria-labelledby=\"$id('heading-accordion-item-1')\" x-show=\"expanded\" x-collapse=\"\" role=\"region\" style=\"height: 0; overflow: hidden; display: none;\">\n<div class=\"Accordion-content text-gray-700 px-3 pb-4 sm:px-6 sm:pb-6\">\n<p>In many cases, you can refinance as soon as six months after closing on the original loan, called a \u201cseasoning period,\u201d though timing depends on your lender and loan type.<\/p>\n<p>Some government-backed refinance programs, such as FHA Streamline and VA (IRRRL) loans, also include timing rules. Even if your lender allows it, it\u2019s usually smart to wait until refinancing offers a clear financial benefit, such as lower interest rates.<\/p>\n<\/div>\n<\/div>\n<\/li>\n<li x-id=\"['panel-accordion-item-2', 'heading-accordion-item-2']\" x-data=\"{ expanded: 0 }\" class=\"Accordion-item\">\n<button class=\"Accordion-titleContainer py-4 px-3 sm:px-6 group sm:py-6\" type=\"button\" :id=\"$id('heading-accordion-item-2')\" :aria-controls=\"$id('panel-accordion-item-2')\" :aria-expanded=\"expanded ? true : false\" x-on:click=\"expanded = !expanded\" :data-outcome=\"expanded ? 'open_accordion' : 'close_accordion'\"><!-- htmlmin:ignore --><\/p>\n<h3 class=\"Accordion-title my-0 mr-2 md:flex-1\">\n    Is now a good time to refinance?<br \/>\n    <\/h3>\n<p><!-- htmlmin:ignore --><span class=\"Accordion-icon Icon mb-0 block leading-none Icon--sm icon-base-blue-600\" aria-hidden=\"true\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"Icon-glyph\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><title>Caret Down Icon<\/title>\n<path d=\"M12 17.152c-.33 0-.675-.131-.94-.378L3.384 9.09a1.32 1.32 0 0 1 0-1.86c.51-.51 1.351-.51 1.862 0L12 13.977l6.755-6.747c.51-.51 1.351-.51 1.862 0 .51.51.51 1.35 0 1.86l-7.694 7.684a1.295 1.295 0 0 1-.94.378H12Z\" class=\"icon-base\"\/><\/svg><\/span><\/button><\/p>\n<div class=\"Accordion-contentWrapper\" :id=\"$id('panel-accordion-item-2')\" :aria-labelledby=\"$id('heading-accordion-item-2')\" x-show=\"expanded\" x-collapse=\"\" role=\"region\" style=\"height: 0; overflow: hidden; display: none;\">\n<div class=\"Accordion-content text-gray-700 px-3 pb-4 sm:px-6 sm:pb-6\">\n<p>Mortgage rates are still relatively high compared to the historic lows of recent years. Many homeowners remain locked into rates below 5%, which they are unlikely to match now.<\/p>\n<p>That said, refinancing could make sense if your current rate is significantly higher than today\u2019s averages. The right time to finance depends on how much you can save and how long you plan to stay in your house.<\/p>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<div class=\"HelpfulCTA mx-auto flex flex-col items-center gap-6 my-6 py-12 text-base border-y border-gray-200\" data-helpful-cta=\"\" data-beam-element-viewed=\"\" id=\"did-you-find-this-helpful\" data-type=\"cta\" data-location=\"article-bottom\" data-position=\"banner\" data-text=\"Did you find this page helpful?\">\n<div class=\"HelpfulCTA-initial w-full flex flex-col items-center gap-4\" data-cta-initial=\"\">\n<div class=\"HelpfulCTA-question text-lg font-bold text-center text-gray-900\">\n            Did you find this page helpful?<\/p>\n<div id=\"5g8fuqPJRs\" class=\"hidden\">\n<div class=\"wysiwyg wysiwyg--sm wysiwyg--flush max-w-xs\">\n<p class=\"mb-6 text-base\">\n                            <strong class=\"block font-bold text-gray-900\">Why we ask for feedback<\/strong><br \/>\n                            Your feedback helps us improve our content and services. It takes less than a minute to<br \/>\n                            complete.\n                        <\/p>\n<p>Your responses are anonymous and will only be used for improving our website.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Help us improve our content<\/p>\n<div class=\"HelpfulCTA-actions flex gap-4 mt-2\">\n            <button type=\"button\" class=\"HelpfulCTA-btn HelpfulCTA-btn--yes border border-2 border-blue-600 text-blue-600 rounded px-6 py-2 transition font-semibold flex items-center gap-2 hover:bg-blue-50\" data-cta-yes=\"\" data-beam-element-clicked=\"\" id=\"did-you-find-this-helpful-yes\" data-type=\"button\" data-location=\"article-bottom\" data-position=\"banner\" data-text=\"Yes\" data-outcome=\"response submitted\"><br \/>\n                <span class=\"Icon\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"Icon-glyph\" viewbox=\"0 0 24 24\" fill=\"currentColor\" focusable=\"false\"><title>Thumbs Up Icon<\/title><path d=\"M13.165 2.175c.322 0 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1.228-.075a.722.722 0 0 0 .323-.323c.075-.15.075-.603.075-1.227v-7.683c0-.624 0-1.065-.075-1.227a.672.672 0 0 0-.323-.322c-.15-.075-.603-.076-1.227-.076h-.161v.01ZM13.057 3.8c-.14 0-.226 0-.259.011-.032 0-.086.043-.107.064a2.98 2.98 0 0 0-.226.399c-2.187 4.272-3.53 5.647-4.33 6.092.003.162.004.34.004.536v7.82l2.217 1.122c.28.14.42.216.56.27.107.032.214.064.332.075.151.021.314.021.626.021h4.594c1.022 0 1.539 0 1.862-.129a1.84 1.84 0 0 0 .763-.58c.215-.28.355-.808.613-1.765l.517-1.927c.495-1.85.775-2.873.603-3.475a2.309 2.309 0 0 0-1-1.313c-.538-.323-1.594-.323-3.51-.323h-1.129c-.226 0-.473 0-.72-.15a1.087 1.087 0 0 1-.464-.614c-.075-.301 0-.528.076-.754.957-2.97.603-4.26.301-4.777-.183-.312-.44-.506-.774-.57-.14-.033-.377-.033-.549-.033Z\" class=\"icon-base\"\/><\/svg><\/span> <span class=\"text-base leading-4\">Yes<\/span><br \/>\n            <\/button><br \/>\n            <button type=\"button\" class=\"HelpfulCTA-btn HelpfulCTA-btn--no border-2 border-blue-600 text-blue-600 rounded 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rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways Refinancing your mortgage can help you lower your rate, access your home\u2019s equity or move to a fixed-rate loan. For most homeowners, the best time to refinance is when you qualify for a lower rate than you\u2019re currently paying. If you want to refinance, calculate the break-even point so you\u2019ll know exactly how<\/p>\n","protected":false},"author":1,"featured_media":23229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":{"0":"post-23228","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-homes"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>When Should You Refinance Your Mortgage? | IncrediPros<\/title>\n<meta name=\"description\" content=\"Key takeaways Refinancing your mortgage can help you lower your rate, access your home\u2019s equity or move to a fixed-rate loan. 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