If you have retirement on the horizon, you’ve probably been doing a lot of planning. Topics such as health care, designating a power of attorney, and IRA withdrawals are all top-of-mind for retirees. But have you thought about your financial planning as it pertains to your mortgage? Refinancing before retirement can be an advantageous choice for many—but is it the right choice for you? To figure out if this is the right option for you and your financial needs, be sure to consider the situation from all angles. 

First Thing’s First. Money.

Refinancing doesn’t come cheap. It’s only worth the cost if you come out ahead in the end. To start your financial journey, make sure to crunch the numbers carefully before making your decision to move forward with a refinance. To verify how a refinance will impact your bottom line, use our Mortgage Refinance Calculator to sort through a variety of factors (for example, your interest rate, closing costs, and how long you plan on staying in your current home) and see how your new payment would change.

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