Should I Refi???

Questions You Should Answer Before Refinancing

Before interest rates rise you may want to refinance your home to pay off debt, get better terms, or cash out equity for reinvestment elsewhere.  Here are a few questions you should ask yourself before you take out a new loan.

  1. How Long Do You Plan To Stay In The Home?  If you don’t play to own the home for roughly three years or more after refinancing, it might not make financial sense to refinance.  Ask your lender for a break even – breakdown.
  2. Are You Refinancing For A Good Reason?  Taking equity our of your home to pay down credit card debt is risky.  Once the debt is gone away, it is easy to “reload” and run new debt while still paying off the equity line.
  3. What Type Of Loan Do You Currently Have?  One good reason to refinance is to get more favorable terms, such as getting into a low fixed-rate loan from a higher fluctuating rate.
  4. Should You Reinvest The Money?  Cash-out refinances are cheap compared with other loans, so you may be tempted to invest the money in another home, and rent out your current home.  Or you may want to remodel to keep you home’s value high in the marketplace or to improve its utility.  All investments carry risk, so before you decide, ask your lender to help your figure out the risk vs. reward.

Take the monthly saving amount and divide it into your total closing costs.  This figure represents the number of months it will take to pay back your closing costs.

Got Questions – The Caton Team is here to help.  We are but a call or click away!

The Caton Team is comprised of Susan and Sabrina Caton – a mother/daughter in law team.  We are full time, local Realtors with over 25 years of combined Real Estate experience.  How can The Caton Team help you?

Remember to follow our Blog for the local real estate beat, a pulse on the San Francisco Peninsula at:

Got Questions? – The Caton Team is here to help.  

Email Sabrina & Susan at:

Call us at: 650-568-5522  Office: 650-365-9200

Want Real Estate Info on the Go?  Download our FREE Real Estate App:


Visit our Website at:

Visit our INSTAGRAM page:


Visit us on FACEBOOK:

YELP us at:

Or YELP me:


Connect with us professionally at LinkedIn

Please enjoy my personal journey through homeownership at:

Thanks for reading – Sabrina

The Caton Team – Susan & Sabrina – A Family of Realtors

Effective. Efficient. Responsive.  What Can The Caton Team Do For You?

Berkshire Hathaway HomeServices – Drysdale Properties

Sabrina BRE# 01413526 / Susan BRE #01238225 / Team BRE# 70000218/ Office BRE #01499008

The Caton Team does not receive compensation for any posts and the information is deemed reliable but not guaranteed.

HARP Refinance Program Expanded

Got questions about the new HARP Refinance Program?  Clink on the link below to access up to date information.

Click to access HARP_release_102411_Final.pdf

Got Questions? – The Caton Team is here to help.  Email us at or visit our website at:

Visit us on Facebook:

Yelp me at:

Please enjoy my personal journey through homeownership at: