Interest rates tend to be lower at the beginning of the calendar year, and business is customarily slow for lenders at the start of the year as well. Those two trends make January a great time to review your outstanding debt and ask your friendly neighborhood bankers to take a look—you just might find some relief on interest rates. Also, by starting this process in January, you can have your savings in place in time to get the benefit in your budget.

It’s never a good idea to get financial advice from your lawyer, but let us know if we can help talk through the procedural and other legal aspects of carrying out a refinancing. Hope your year is off to a great start!