WHAT IS A MORTGAGE REFINANCE?
Mortgage refinancing has become a popular financial remedy. Refinancing your mortgage can allow you to lower your existing mortgage rate while reducing your mortgage monthly payment while taking years off of your existing mortgage amortization.
Refinancing your mortgage makes it possible to get out of your existing mortgage contract and allow us to shop around for a more suitable lender that can offer better terms that may suit your current needs.
Due to rates and regulations constantly changing we highly recommend consulting with us to see what option makes the most sense for you.
Our philosophy is driven by a needs based approach to your financial situation. We have access to a vast array of lenders, from the big banks, credit unions and several trust companies. It is our commitment to you that we provide you with access to the best mortgage terms possible.
USED TO OBTAIN A LOWER RATE
The interest on a fixed rate mortgage that you took several years ago may have dropped drastically.
Refinancing the existing mortgage will allow you to reap the benefits of reduced interest rates.
PAY OFF HIGH INTEREST DEBT
Refinance your mortgage to consolidate high interest credit card debt, car loans and other expenses. The interest rate on your mortgage is typically the lowest rate you will get. By lowering the average-weighted interest on all of your debts through mortgage refinancing, you end up saving a considerable amount each and every month.
FUNDS FOR EMERGENCIES
You can refinance your existing mortgage to free a larger amount of cash, depending on your home equity. Since a mortgage is a secured loan, the interest applied is considerably lower than that of an unsecured loan. Access your equity through a mortgage refinance loan or a home equity line of credit.