Refinancing your home loan can be a strategic financial move, but timing is crucial. If you’re considering refinancing, start by evaluating your current interest rate. If market rates have dropped since you locked in your loan, refinancing could save you a significant amount in interest payments. Assess your personal financial situation, too. If your credit score has improved, you might qualify for a better rate. Additionally, consider your long-term goals. Are you planning to stay in your home for several years? Refinancing often involves fees, so ensure the savings outweigh the costs. Ultimately, readiness to refinance hinges on a combination of favourable market conditions and personal financial stability. Contact us today to discuss whether refinancing is the right step for you.