Refinancing Benefits

Pay lower payments by extending the length of your mortgage term. Your balance is lower and time has passed, so you can refinance with a longer term to lower your monthly payments.

Shorten your mortgage term and lower your interest rate. Pay less interest over the life of the loan and pay off your mortgage in full faster.

Switch your rate type. If you currently have a variable-rate mortgage while rates are rising, refinancing to a fixed-rate could be beneficial for you.

Consolidate debt. Credit card interest rates and multiple loans can be expensive. The average credit card interest rate is approximately 21 percent, while the average mortgage rate is approximately 5 percent. Combining other costs with your mortgage can substantially lower your overall cost.

Invest. Use equity from your home to invest in a second property, home renovations or other investment opportunities. 

Save money with a lower interest rate. Pay less interest monthly and over the life of the loan.

Things To Think About When Refinancing

Wealthy People Refinance, Too!

A hоmе lоаn іѕn’t juѕt a dеbt—it’s a grеаt fіnаnсіаl tool to buіld wealth, improve cash flow and support уоur lіfеѕtуlе.

Are You Renewing Your Mortgage?

When уоur mоrtgаgе term іѕ uр аnd it’s tіmе to renew, lеndеrѕ make it very еаѕу fоr you to blindly accept their terms and sign the renewal letter.

More On Refinancing

To Renovate or To Sell?

When your family has outgrown your current home or your house hasn’t been updated, it’s time to make a decision.

Spilling the Tea on Refinancing

You’ve heard the term refinancing, but do you know what it really means? We’re spilling the tea in this easy-to-understand article.

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