When interest rates drop, it nags at you: Should you sit tight or refinance your mortgage? Refinancing can help homeowners lower their monthly payments, shorten their loan term or tap into home equity. But before you decide to refinance, we recommend doing a little homework to help you fully understand the process and make the right decision for you. Here are a few things for you to consider:

• Determine how long it will take for your new loan to pay for itself.
• Use a mortgage refinance calculator to find your new payment amount.
• Research the estimated cost of filing and closing fees.
• Decide whether you’re willing to have a new loan with new terms.
• Understand the time and effort involved in a refinance.
• Check your credit score and decide if you need to improve it before you refinance.

If you’re considering refinancing, we’re here to help. Our knowledgeable Cadence Bank Mortgage Loan Officers can help you expertly navigate every step of the mortgage refinancing process. Find a local loan officer near you to get started.

This eBook is provided as a free service to you and is for general informational purposes only. Cadence Bank makes no representations or warranties as to the accuracy, completeness or timeliness of the content in the eBook. The eBook is not intended to provide legal, accounting or tax advice and should not be relied upon for such purposes. Cadence Bank does not provide legal, accounting or tax advice to any client who receives trust services from Cadence Bank.