Purchase a Home

Is now the time to refinance? Five things to consider

Mortgage interest rates are hovering near historic lows. At many lenders, rates are well below 4 percent. For a brief period in March, rates even dipped briefly below 3 percent. Not surprisingly, many homeowners are asking themselves, “Is now the time to refinance?” The answer is … maybe. Before you consider refinancing your existing mortgage, consider the following:

In this low interest rate environment, a refinance can be a great solution. Do your research to find the best rates and work with a lender you trust to guide you through the process. At Alerus, we’re here for you every step of the way.