Guests: Kieth HobartSummaryIn this conversation, Joe and Keith Hobart from Peak Mortgage discuss the intricacies of refinancing in 2025. They cover various factors that homeowners should consider when deciding to refinance, including the impact of consumer debt, break-even points, and the importance of understanding different loan programs. The discussion also highlights the significance of credit scores, the differences between rate and term versus cash-out refinancing, and the current landscape of adjustable versus fixed-rate mortgages. Additionally, they touch on tax implications and common mistakes to avoid during the refinancing process, emphasizing the need for thorough research and professional guidance.TakeawaysRefinancing decisions depend on individual financial situations.High consumer debt can make refinancing beneficial.Understanding break-even points is crucial for refinancing.Shop around for the best refinancing deals.Credit scores will be impacted by refinancing applications.Multiple credit pulls within 30 days count as one inquiry.Rate and term refinancing does not involve cash out.Cash-out refinancing typically has higher interest rates.Adjustable rate mortgages may be better priced in certain conditions.Consult a tax professional for refinancing tax implications.Thank you for listening to RealTalk! Don’t forget to like and subscribe, and follow Joe on Instagram (@seattlesagent) for the latest videos. And don’t forget to check out The Seattle Experience with Joe Sheldon podcast on YouTube or your favorite podcast app. For more information about Joe, or to work with Joe, visit www.myseattlesearch.com.