Last week a customer said:
“I’ll refinance when rates drop 1%—otherwise it’s not worth it.”
Truth is, that’s a common myth. The idea that you need a full percent drop for it to make sense isn’t always true.
Here’s the math 👇
A 1% drop in rate equals about:
💵 $67 less per month per $100k borrowed.
So a $300k loan saves about $201/mo.
A $600k loan saves about $402/mo.
Even “small” drops add up fast—especially over years.
What most people don’t realize:
✅ You can often refinance with $0 due at closing
✅ You skip up to 2 mortgage payments
✅ The real decision isn’t just the rate—it’s your loan balance, term, and how long you plan to stay in the home.
Comment RATE and I’ll run a free savings analysis for you. All I need is your most recent mortgage statement—it’s that simple.
Richard Sarey, owner of Alliance Mortgage Group give us a call at 214-872-2188 or start your online application https://bit.ly/4mB8UkO
