Should You Refinance Your Mortgage in 2025?

Interest rates are changing, and homeowners are asking: Should I refinance? At Voyage Home Loans, our job is to help you make that decision with clarity — not guesswork.

What Is Refinancing?

Refinancing is when you replace your current mortgage with a new one — ideally with better terms. It can help you lower your rate, change your loan term, or tap into your home equity.

Reasons to Refinance in 2025:

• ✅ Interest rates have dropped since your original loan

• ✅ You want to shorten your loan term and pay off your home faster

• ✅ You’re switching from an ARM to a fixed-rate mortgage

• ✅ You need cash for renovations, debt consolidation, or other big expenses

Things to Consider Before You Refinance:

• 💲 Closing costs: Typically 2–5% of your loan amount

• 📈 Break-even point: How long it will take for your monthly savings to exceed those costs

• 📊 Your credit profile: Higher credit = better refinance terms

Is Now the Right Time?

There’s no one-size-fits-all answer — but there is a personalized path forward. We’ll review your current mortgage, financial goals, and eligibility to help you decide if refinancing is right for you.