What is mortgage refinancing?

There are many reasons people refinance their mortgage but the most common ones are to save money over the life of the loan.  However, some people also take advantage of refinancing to shorten the length of their mortgage or get some of their equity out of their homes to cover expenses.

Regardless of why you’re thinking about refinancing, it’s important to weigh all your options and come up with a strategy that makes sense for your personal financial goals.

What are some good reasons to refinance your mortgage?

  • Lower your payment
  • Use your home equity to better manage debt
  • Pay off your loan faster
  • Get a low rate for the life of your loan

Loan options