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or toll free at (844) 740-4007

Lone Mortgage
5275 S Durango Dr
Las Vegas NV, 89113
NMLS #328524

Need Mortgage Help?

702-838-9922

Should I refinance if I plan on moving soon?

Most lenders charge fees to refinance a loan. So, if you plan to only stay in the property for a couple of years, your monthly savings may not accumulate to recoup these costs. Example: A lender charged $1,000 to refinance your loan that resulted in saving you $50 each month; it would take 20-months to recoup your initial costs. Some lenders will charge a slightly higher than average interest rate on refinance loans, but will waive all costs associated with the loan. This will depend on the interest rate on your current loan.

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