{"id":51,"date":"2026-10-07T10:00:00","date_gmt":"2026-10-07T10:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/jhickmanbroker-com\/?p=51"},"modified":"2026-10-07T10:00:00","modified_gmt":"2026-10-07T10:00:00","slug":"mortgage-refinancing-myths-and-costs-to-check","status":"publish","type":"post","link":"https:\/\/www.jhickmanbroker.com\/blog\/2026\/10\/07\/mortgage-refinancing-myths-and-costs-to-check\/","title":{"rendered":"Mortgage Refinancing Myths and Costs to Check"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/john-hickman-1\/mortgage-refinancing-myths-remotion-videos-2aff\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>Refinancing your mortgage can open up new possibilities, but it\u2019s easy to run into myths along the way. Over the years, I\u2019ve seen that shopping around\u2014getting at least three quotes on the same day\u2014really pays off. Be sure to compare APRs, not just interest rates, so you get the full picture on lender fees and can negotiate from a position of strength.<\/p>\n<p>Refinancing isn\u2019t free: closing costs typically run between 2% and 5% of your new loan. Before moving forward, take time to calculate your break-even point and make sure the numbers add up for your unique situation. Remember, a lower rate is great\u2014but stretching your loan back out to a new 30-year term can sometimes mean paying more in interest over time, even if your monthly payment drops.<\/p>\n<p>When you refinance, your primary lien is replaced with a new one\u2014so selling your home in the future shouldn\u2019t get complicated. If you\u2019re considering a cash-out refi, take extra care to understand the risks and rewards. And yes, expect a credit check. Having strong credit and a debt-to-income ratio under 36% will help you qualify for the best offers, but if you\u2019ve been turned down before, improvement is possible and many borrowers find success on a second application.<\/p>\n<p>My passion is making sure clients have all the right information to make smart moves\u2014whether you\u2019re working toward homeownership or investing for the future. If you\u2019re thinking about refinancing, let\u2019s make sure you\u2019re set up for success.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Refinancing your mortgage can open up new possibilities, but it\u2019s easy to run into myths along the way. Over the years, I\u2019ve seen that shopping around\u2014getting at least three quotes on the same day\u2014really pays off. Be sure to compare APRs, not just interest rates, so you get the full picture on lender fees and [&hellip;]<\/p>\n","protected":false},"author":469,"featured_media":52,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-51","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/posts\/51","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/users\/469"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/comments?post=51"}],"version-history":[{"count":1,"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/posts\/51\/revisions"}],"predecessor-version":[{"id":54,"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/posts\/51\/revisions\/54"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/media\/52"}],"wp:attachment":[{"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/media?parent=51"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/categories?post=51"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/tags?post=51"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}