Refinancing

Suppose your loan doesn't suit your lifestyle or personal situation. In that case, you could waste thousands of dollars a year on extra interest and fees. Home loan refinancing is when you take out a new loan to replace your current mortgage. The new loan pays off the balance of your old mortgage, and you start making payments on the new loan. Mortgage refinancing can be an effective way to potentially save money by getting a lower interest rate, switching from a variable rate mortgage to a fixed-rate mortgage, or extending the term of your loan. Refinancing also be used to consolidate debt or free up cash for home improvements.

Refinancing may be an option that can potentially save you money over the life of your loan so why not speak to our team about what opportunities you have available.