Should You Refinance Your Mortgage in 2025? Pros and Cons

Wondering if refinancing makes sense in 2025? Learn the benefits, drawbacks, and when refinancing your home loan could save you money.

Why Homeowners Refinance in 2025

• Lowering interest rates

• Reducing monthly payments

• Switching loan terms (30 → 15 years)

• Tapping equity with cash-out refinancing

The Pros of Refinancing

• Save thousands in interest

• Pay off mortgage faster

• Consolidate debt at a lower rate

  
  

The Cons of Refinancing

• Closing costs can be 2–5% of the loan with typical lenders

• You may restart your loan term

• Qualification depends on credit + income

  
  

When Refinancing Makes Sense

If you can reduce your interest rate by at least 0.5–1% and plan to stay in your home long enough to break even, refinancing is worth exploring.

MortgageCountry offers exclusive no-cost refinances that might make sense for you. To learn more, watch this video.

👉✅ Ready to discuss today’s rates? Reach out today to hi@mortgagecountry.com or call 484-900-4100 to connect with an expert mortgage concierge.