Why Refinancing Now Is Better Than Waiting

In a declining rate environment, knowing whether to refinance now or wait could mean the difference between saving thousands or giving that money straight to the bank. Joe Tafolla breaks down how Seattle's Mortgage Broker's Step Down Refinancing program takes the guesswork out of timing a refinance.

He explains why refinancing sooner in a declining rate environment lets homeowners start saving now and position themselves to save again six months later, why a "waterfall event" — a dramatic rate drop — is the one scenario where waiting makes sense, and how removing refinance costs from the equation means even a small rate drop is enough reason to act.