There are plenty of reasons why you might be dragging your feet when it comes to refinancing your mortgage. Perhaps you dread having to organize [or find!] your financial documents. Or maybe you’re not sure if you’ll qualify for a lower rate. Perhaps you’re skeptical about whether going through the process is really “worth it” for you and your situation.

On the other hand, what if you found out that you could save $50, $100 or even $200 or more a month for relatively minimal effort? Would that be worth it? While refinancing may not be right for everyone, it may be right for you and finding out is simple. Contact a licensed Castle & Cooke Mortgage (NMLS #1251) loan officer near you or begin your application to see if you could be saving money every month!

Still need convincing? Consider the following simple reasons you should consider refinancing:

  1. Interest rates are still near historic lows

With interest rates still lingering near all-time lows, homeowners may be able to save a significant amount of money on a monthly basis, and over the life of their loan, if they are able to refinance to a lower rate. And while it may not sound like much up front, half of a percent adds up when you’re talking about a loan in the hundreds of thousands. Homeowners who have improved their credit scores since obtaining their first mortgage may be able to realize even more savings if they qualify for better rates.

  1. Home values have increased

Your home may be worth more than you think. According to data from, homes across the United States have increased in value by an average of 5.4% in the last year. And some of the states in Castle & Cooke Mortgage’s footprint have seen average year-over-year increases over 10%! That means, if you consider the national average, a home worth $250,000 one year ago could potentially be worth $263,500. For some borrowers, this increase in equity could mean the elimination of mortgage insurance if they are able to refinance to a conventional loan.



With the combination of low interest rates and a rise in home values, you almost can’t afford not to complete a no-obligation application. Your Castle & Cooke Mortgage loan officer will look at your particular situation and help you determine if the time is right for you!


Restrictions may apply. Not all who apply will qualify. Program qualifications & offerings are subject to change at any time.