Home Refinancing

There are many reasons why you should consider refinancing your home.

• Get a lower interest rate – If you are planning to stay in your home for a long time, you may be able to reduce your monthly payment. If your current interest rate is at least 2 percentage points higher than the current market rate, refinancing may be a good idea.
  
  
• Repay the Principal Faster – Switching to a shorter-term mortgage can help you pay off your mortgage faster. There are many options available for you to pay off your mortgage faster. Call us right away to speak to our professionals and we will show you how do to this. Remember there is no obligation to work with us.
  
  
• Switching between fixed and variable rates – If interest rates are low, most homeowners opt for a fixed rate. Having a fixed rate will allow you to know what your payments will be for a certain period of time.
  
  
• Having a variable rate will allow you to have a lower interest rate applied to your mortgage. Having a lower rate will allow you to pay off the principle faster.
  
  
• You can refinance your current home as high as 95% loan to value. If you have outstanding credit cards, other debts or just want to do some renovations than perhaps you should investigate whether refinancing your current mortgage is right for you. Give us a call for a free consultation.