February 28th, 2020

Interest rates are super low right now so a lot of people are wondering if it’s a good time to refinance their home. Refinancing your mortgage with a lower interest rate can save you money but there are some questions and possible extra fees to consider:

  • Does my quote include taxes and insurance?
    • When you apply for a loan, the lender will give you an estimate with the breakdown of taxes and related costs.
  • How long is the term of the new loan?
    • A new loan means new loan terms. That includes a new amortization schedule and loan length. A buyer can choose 10 and up to 30 years.
  • How much do I need to bring to closing?
    • On average, you can anticipate bringing 2%-3% of the loan amount to refinance
  • What are my out-of-pocket costs?
    • As you’re reviewing your estimate, ask your lender if there are any other fees associated that aren’t included such as insurance or a property survey.
  • Do I have to have any equity?
    • Usually, the more equity you have in your home, the easier it is to refinance.

The best place to start is to speak with a lender. We work with a ton of great lenders in Bozeman.  Contact us if you’d like us to send you a lender list!

What our clients are saying:

Jody Savage is knowledgeable, trustworthy and tireless. I purchased a property this spring (2017) near Bozeman; Jody represented me as well as the seller in the transaction. Jody led me through the entire process because this was the first property I had ever purchased. HOA complications and other details made the purchase more difficult. Jody undertook a boat-load of legwork to make the transaction go smoothly. I hope to work with Jody again.


Jody is amazing. She knows the market and was able to advise us on all our many concerns. We so appreciated how responsive she was; within minutes of submitting an online request for realtor contact on a house, she had called us. All our communications with her were like that; we never had to wait long to hear back from her. She was patient and always willing to sit down and meet with us. When we found the house we wanted, she worked tirelessly to secure it for us, and she was extremely patient with us. She was easy to communicate with, understand, and a pleasure to work with – I highly recommend Jody!


Jody is FANTASTIC!! We were first time home buyers and she was with us ever step of the way! She never made us feel silly for being new to the process. She definitely knows the area, always kept us up to date on new listings and was just a delight to work with. I would have absolutely zero hesitation recommending her to anyone. Thanks for all the hard-work Jody! We love our house!


Jody was awesome to work with. We were new to the area and she was helpful and knowledgeable about not only the housing market, but schools, and lenders. She worked with my work schedule for showings. Jody also stayed late to write an offer to meet our schedule. I would recommend Jody to anyone needing a realtor.


My wife and I used Jody Savage for the sale of our home in Gallatin Gateway, MT. Jody was exceptional in all phases of our sale. We had multiple offers over asking price and sold our home in two days! Jody uses up to date modern marketing, was extremely professional and knowledgeable regarding our market and addressing our needs. She was great to work with and very responsive to any questions we had. Jody is the best in the business and we highly recommend her services!