Mortgage Refinancing

If you are a homeowner who has had their mortgage for a few years, you may be starting to wonder about refinancing. In essence, this is the process of retiring your current mortgage and taking out a new one because the terms are more favorable to you. Below we will share three reasons why you might want to look at refinancing your mortgage this year. Let's get started. Can You Use Some Extra Cash? Ask yourself: if you had some extra money on hand, how would you use it? Many homeowners refinance to pull out some of the equity value…

If you are a homeowner thinking about a significant home renovation in 2018, you have probably already considered your budget. As with any large project, you need to have the ability to pay the expected costs plus have a little bit extra set aside, just in case. The great news is that if you are a homeowner with a mortgage, you may qualify for cash-out refinancing, which can be a helpful way to leverage some of your home equity to cover renovation costs. In today's blog post we'll explore the topic of cash-out refinancing and how this unique financial product…

Are you interested in paying less per month on your mortgage? Or perhaps you would prefer if your mortgage was paid off a couple of months – or years – faster? If you are a homeowner with a mortgage, one option that is open to you is refinancing. In today's post, we will explore the topic of mortgage refinancing and how to know if it is a good idea. How Does Refinancing Work? In short, refinancing is a process in which pay off your existing mortgage and borrow a new mortgage under a different set of terms. In most cases,…