Thinking about refinancing? Here's one way to decide: Calculate your breakeven point. The breakeven point tells you how long it will take to recover your closing costs through monthly savings. Divide your total closing costs by your monthly savings from refinancing to find this number. Then, consider if you plan to stay in your home longer than the breakeven period. If not, refinancing may not be the best option right now. If you have any questions, give us a shout. #mortgage #mortgagebanker #mo