When Should you Refinance?
If you are looking to have some extra cash in your pocket, you may want to consider refinancing! Refinancing can involve lowering your current interest rate, consolidating debts, or obtaining cash from your equity. Be taking these steps refinancing can potentially give you the following benefits:
– 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