HOOK
Thinking about refinancing your mortgage? Before you chase a lower rate, ask one question: will the savings actually beat the costs?
[Quick cuts: homeowner at kitchen table, calculator, refinance forms, rate quote on screen]
KEY POINT 1
First, compare your current rate to today’s rate. If the new rate is only a little lower, your monthly payment may not drop enough to matter once fees are added in.
[On-screen graphic: current rate vs new rate]
KEY POINT 2
Second, look at your break-even point. That’s how long it takes for the monthly savings to cover closing costs. If you might move before then, refinancing could cost more than it saves.
[Animation: closing costs divided by monthly savings = break-even months]
KEY POINT 3
Third, check your loan goals. Want a shorter payoff, more stable monthly payments, or access to home equity? The best refinance depends on what you want, not just the lowest number on a rate sheet.
[B-roll: family planning on laptop, house exterior, equity chart]
CTA
Refinancing can help, but only if the math works for your timeline. If you’re considering it, compare your rate, costs, and break-even point before you apply. Follow for more clear mortgage tips.
[End card: “Know your numbers before you refinance”]
