Why Refinance?

Refinancing is a hot topic right now—and for good reason. Everyone’s talking about rates, but what does refinancing really mean for you? The truth is, it’s about more than just chasing a lower number. Done right, it can be a powerful tool to reshape your finances and free up options for the future. 

Here are a few reasons people choose to refi:

• Lower Your Payment – If rates drop or your credit has improved, refinancing could cut your monthly payment and keep more money in your pocket. 
• Switch Loan Types – Life changes, and your mortgage can too. Refinancing lets you switch to a loan type or term that better matches your goals today — whether that’s paying off sooner, lowering monthly payments, or gaining stability with a fixed rate. 
• Tap Into Equity – Your house has value you’ve been building over time. A cash-out refinance lets you use that equity for things like renovations, education, or paying off higher-interest debt. 
• Consolidate Debt – Rolling higher-interest loans into a mortgage with a lower rate can simplify payments and potentially save thousands. 
• Boost Your Cash Flow – A lower rate may also mean a lower monthly payment. That puts more money back in your pocket each month — to save, spend, or use where it matters most. 

When to think about it:

• Rates are lower than when you bought. 
• Your financial situation has improved (better credit, higher income). 
• You want to restructure debt or fund a major project. 

Refinancing isn’t one-size-fit-all—but it can be a smart move if it lines up with your goals.

Curious if a refi makes sense for you? Let’s talk.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations to any individual.

Primis Mortgage Company (“Primis Mortgage”) is a subsidiary of Primis Bank, a Member FDIC. Primis Mortgage NMLS #1894879 | AL #23183 | BK #1042893 | ML #1894879 | #41DBO-166162 Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act (www.nmlsconsumeraccess.org). As always, all loans are subject to credit approval and product guidelines. Other terms and conditions may apply. For all state license information visit primisbank.com/disclosures.