On the Move

6. LINABURG 11. BROCK 12. BRYANT

10.PARKINSON’S DISEASE FITNESS PROGRAM LAUNCHES

Your Active Life on Hilton Head Island has started a Parkinson’s Disease fitness program with OhioHealth’s Delay the Disease — a leading Parkinson’s Disease exercise program. The program improves the physical, mental, and emotional realities of PD patients, a news release said. OhioHealth Delay the Disease helps improve mobility, handwriting and speech volume.

11. THE GREENERY NAMES BUSINESS DIRECTOR

Melissa Brock has been promoted to director of business development at The Greenery. Brock will be responsible for overseeing the business development team. She has been with The Greenery for 10 years. Areas The Greenery serves include Hilton Head Island, Bluffton, Beaufort and Savannah.

12. COASTAL CARE PARTNERS WELCOMES FINANCE DIRECTOR

Bernadette Bryant has been named director of finance at Coastal Care Partners, which serves Savannah, Bluffton and Hilton Head Island. Bryant will contribute to strategic business development, planning and growth.

LOWERING YOUR INTEREST RATE HAS THE POTENTIAL TO SAVE YOU TONS OF

MONEY OVER THE $MART MONEY LIFE OF THE LOAN. SHOULD YOU REFINANCE YOUR MORTGAGE IN 2021?

BY JENN SOKOLOWSKI

With mortgage interest rates at historically low levels, it is a great time to consider refinancing. Lowering your interest rate has the potential to save you tons of money over the life of the loan. However, there are a few points to consider beyond simply locking in the lowest interest rate possible:

1. How long you plan on owning the home: If you are planning on moving in the next few years, the amount you will save on monthly payments may not be enough to offset the amount you will pay in closing costs for your new mortgage. Closing costs to refinance are typically 2%-5% of the loan amount, so it is important to calculate the breakeven point. If you sell the home before you reach the breakeven point, you will lose money on the refinance. 2. Potentially reducing the term: It is not all about a lower payment. If you can refinance to a mortgage that will be paid in full sooner than your current loan, you may want to consider refinancing. Often, a slightly higher monthly payment with a reduced term can save you a substantial amount of money by reducing the amount of time the interest can compound. Furthermore, a 15- or 20-year mortgage will typically have a lower interest rate. However, it is important not to stretch