Why Should You Refinance?
When you take a new mortgage and use it to pay off the old mortgage, we call that refinancing. The main reason someone would choose this option would be to reduce their interest rate and/or shorten their term of payments. In some cases one may refinance in order to draw on the equity built into their home.
- Save you a considerable amount of money
- Improve your overall financial outlook.
- Cash out on equity
- Shorten term payments