Awasome Is It Worth Refinancing Ideas. Web a refinance, or refi for short, refers to the process of revising and replacing the terms of an existing credit agreement, usually as it relates to a loan or mortgage. Monitor refinance rates regularly and use zillow’s free refinance calculator to make sure a refinance is worth it for your financial circumstances.
Refinancing makes sense if you plan to stay for more than “x” years. Depending on your current loan, dropping your rate by 1%, 0.5%, or. You’ll breakeven before you plan on moving.
