When mortgage rates are low, homeowners often question if it's time to refinance. If interest rates
drop 5/8 percent or more below your existing rate, refinancing may benefit you. Closing costs are associated with refinancing so it's important to determine if refinancing will support your
overall goals. Be clear about your reason for refinancing and feel confident that you will remain in your home long enough to recoup expenses.
Refinancing can offer the following benefits:
Contact a BB&T mortgage professional to help you determine if refinancing is a good option for you.