{"id":55,"date":"2026-10-08T12:00:00","date_gmt":"2026-10-08T12:00:00","guid":{"rendered":"https:\/\/www.jhickmanbroker.com\/blog\/?p=55"},"modified":"2026-10-08T12:00:00","modified_gmt":"2026-10-08T12:00:00","slug":"us-mortgage-refinance-myths-to-know","status":"publish","type":"post","link":"https:\/\/www.jhickmanbroker.com\/blog\/2026\/10\/08\/us-mortgage-refinance-myths-to-know\/","title":{"rendered":"US Mortgage Refinance Myths to Know"},"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-0eaa\" 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>There\u2019s a lot of misinformation floating around about refinancing your mortgage, so let\u2019s clear up a few key points I\u2019ve seen come up time and again in my work since 2006. First, don\u2019t settle for the first offer\u2014pull at least three same-day quotes, and make sure to compare APRs (not just interest rates) to see the full picture of lender fees. That extra step can really strengthen your negotiating position. Remember, refinancing isn\u2019t free\u2014closing costs typically run between 2% and 5% of the new loan amount, so it\u2019s important to calculate your break-even point before making a move. Also, while a lower rate looks appealing, starting a fresh 30-year term can mean paying more total interest over time. Refinancing essentially swaps out your old primary lien for a new one, so it shouldn\u2019t complicate a future home sale, but if you\u2019re considering a cash-out, make sure you fully understand the implications. And yes, a credit check is part of the process. Strong credit and a debt-to-income ratio under 36% will help you secure the best offers\u2014but even if you\u2019ve been denied before, improving your profile can open new doors. My goal is to help you make informed decisions, whether you\u2019re aiming for your first home or building wealth through real estate investing.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s a lot of misinformation floating around about refinancing your mortgage, so let\u2019s clear up a few key points I\u2019ve seen come up time and again in my work since 2006. First, don\u2019t settle for the first offer\u2014pull at least three same-day quotes, and make sure to compare APRs (not just interest rates) to see [&hellip;]<\/p>\n","protected":false},"author":469,"featured_media":56,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-55","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\/55","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=55"}],"version-history":[{"count":1,"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/posts\/55\/revisions"}],"predecessor-version":[{"id":57,"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/posts\/55\/revisions\/57"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/media\/56"}],"wp:attachment":[{"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/media?parent=55"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/categories?post=55"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jhickmanbroker.com\/blog\/wp-json\/wp\/v2\/tags?post=55"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}