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Refinance Your Home with the Professionals

Lower Your Mortgage Payment

And Save Money!

When you first bought your home, the interest rates may have been higher due to the time of year, current events, COVID-19, or because it was a “seller’s market,” and homes were hard to come by. If at least a couple of years have gone by and interest rates have dropped, you may be able to refinance your home. Refinancing your home means that you’re replacing your current mortgage payment with a lower payment. It’s not that the price of the house has changed, but that your interest rate is lower than it was when you first bought your home. If you live in Connecticut, our team at Connecticut Real Estate Closing Attorneys in Hamden, CT, would be happy to help you lower your mortgage payment.

Buying a Home
Selling a Home

Why You Should Refinance Your Home

The benefits of refinancing your home all involve lower payments. When you refinance your home, you can get:

  • A lower interest rate, which means a lower mortgage payment
  • More manageable monthly payments
  • A shorter term such as 15 years instead of 30 years
  • Equity money to use on renovations and other big expenses


What is the debt-to-income ratio?

The debt-to-income ratio or DTI is a percentage that tells your lender how much of your income goes to recurring expenses. If you have a high DTI, you probably don’t have savings and could miss mortgage payments.

Does equity in the home affect the loan refinancing decision?

Yes! The more equity you have in the home, the better. It’s always good to show that you have made improvements.

Does my credit score matter?

Higher credit scores generally get lower interest rates. If you pay your bills on time, you get lower interest rates.

Are there fees associated with refinancing?

There could be fees to refinance and possible tax implications. Keep these in mind as you pursue refinancing on your mortgage. However, these fees will probably be minimal compared to choosing not to refinance your home.

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Connecticut Real Estate Closing Attorneys
2839 Dixwell Ave
Hamden, CT 06518

Monday - Friday: 9:00 AM to 5:00 PM
Saturday: Closed
Sunday: Closed