A nicer car. Some new furniture. A family vacation. Or a bigger, fatter savings account every month. They’re just a few of the things you’ve been thinking about since you learned you can save a couple hundred dollars per month by refinancing.

We get it. That new low interest rate is tempting. But is refinancing really right for you? If you’re only thinking about what you can buy with the money you’ll save, the answer might be no.