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  Refinance Considerations for Home Owners in Medford, OregonWhen you are making a decision to refinance, there are several things to keep in mind.
If your current interest rate is significantly higher than today's lowest rates, you may be able to roll your loan costs into the loan and still get a lower rate than you have today, thereby reducing your interest payments and saving money immediately.
Second, if you are planning to stay in your home for at least three to five years, it may make sense to pay points and closing costs to get the lowest available rate. Interest on your home loan is deductible in most cases but your other high interest loans are not.
And third, you can avoid paying out cash and still get a low rate by adding the points and closing costs to your new mortgage.
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