When Should I Consider Refinancing?
If you are looking to lower your current interest rate or if you are looking to consolidate debts or obtain cash from your equity, it may be a good idea to refinance.
Refinancing your mortgage could:
- Lower your monthly mortgage payment
- Lower your interest rate
- Eliminate Private Mortgage Insurance (P.M.I)
- Lower your loan term to pay off your mortgage faster
- Turn home equity into cash for home improvements
- Pay off or consolidate debts