Refinancing to a lower rate means paying less interest for the rest of your mortgage term. This could potentially save you hundreds of dollars per month, giving you more financial security and cash flow. This may seem like a no-brainer, but it’s not as cut-and-dry as it seems when you factor in closing costs. If you are looking to refinance your NJ mortgage, Brightwire can help you calculate your break-even point and if now is the right time to refinance. If it doesn’t make sense to refinance now, we can help determine the threshold interest rate where refinancing would be beneficial and set an interest rate alert for your exact refinance scenario.