Why should I refinance?
The following four reasons are some of the most common reasons people refinance…
Pay off your loan faster
Perhaps your finances have changed—maybe you got a promotion, a new job, or you’ve combined incomes. Now you’re in a better place to pay your loan off faster. Shortening the life of your loan means paying less interest. It also means better long-term financial security and moving forward to other financial goals.
Lower your monthly payment
Are you reassessing your monthly spending? Maybe you’d like a little more cash flow. Lowering your monthly payment could be the answer, and it’s simple. Interest rates are constantly changing, and sometimes they’re changing in your favor. If rates have decreased since you took out your mortgage, then refinancing could be the right option for you.
Consolidate your debt
Wouldn’t it be nice if all of your loans were the same rate with the same terms? Better yet, wouldn’t it be great if one monthly payment could take care of all of them? A comprehensive home loan refinance can consolidate your debt, lower your payments, change your mortgage term, improve your credit score, and even potentially lock in a lower mortgage rate. Life gets hard to manage, let us help make it simple.
Get cash out from your home
Are you thinking about taking cash out of your home? It’s simple—as a homeowner who’s built home equity through paying off your primary mortgage, refinancing your home with that built home equity can provide you with the cash you need. Chat with one of our Home Loan Experts about a refinance plan that works best for you.