It makes sense to refinance a home when it will save you money or make paying your monthly bills easier. Some experts say you should only refinance when you can lower your interest rate, shorten your loan term or both.

That advice isn't always correct. Some homeowners may need short-term relief from a lower monthly payment, even if it means starting over with a new 30-year loan.

Refinancing also can help you access the equity in your home or get rid of an FHA loan and its monthly mortgage insurance premiums.

Speak with one of our mortgage experts about what best fits your needs. Contact us today for complete information!