Most Homeowners Should NOT Refinance Right Now

Added: 2026-05-21

[00:00:00]80% of homeowners should not refinance right now. And some people are about to reset a 3% mortgage for almost no reason. If you bought in 2023 or 2024, pay attention to this >> [music] >> because people keep mixing up three completely different strategies.

[00:00:17]Refinance, recast, or just paying extra towards the principal. They are not the same moves and choosing the wrong one can cost you thousands. [music] A refinance replaces your loan completely, new rate, new closing costs, new break-even timeline. A recast, if your loan allows it, can keep the same low rate while lowering your payment instead.

[00:00:41]>> [music] >> Because if you never hit the break-even point for refinance costs, the refinance can actually lose you money. I made a simple side-by-side calculator that shows which option actually [music] makes the most sense. Comment recast and I'll send it over.