Put your equity to work for you

Refinancing gives you access to the equity in your home by closing out your current mortgage and replacing it with a new one. Refinancing can benefit you in the following ways:

• Lowering your interest rate – This decreases your mortgage payments.
• Consolidating debt – Replacing other high-interest loans with a low-interest mortgage.
• Covering unexpected bills or financing a large purchase – in situations where you need a financial boost.
• Renegotiating your mortgage terms – in order to get your mortgage paid off faster.

Refinancing is not always beneficial, which is why it’s important to have a licensed professional crunch the numbers on your behalf.