Refinancing Your Home

April 19, 2024 | Posted by: Sharon Patton

Let's take a look at this below at the why, when, and how refinancing your home works.

The reasons behind refinancing are as varied as homeowners themselves. Here are the top 5 reasons people refinance their homes:

Consolidate. If you have high-interest debt, you may be able to roll everything into one manageable monthly mortgage payment with a lower interest rate. This can save thousands of dollars in interest.
Dream home. If you’ve found the perfect cottage, chalet, or the retirement home of your dreams, refinancing may be the way to make that purchase happen now .
Renovation. Renovating your home is often a less expensive option than moving. And the right renovations can improve the quality of your life and increase the value of your home.
Investment. A rental property can give you the opportunity to bulid weath and a source of retirement income.
Unexpected Expenses. Accessing funds you need for major expenses such as tuition, wedding etc.

When to refinance depends on:

We can look at your current mortgage terms and explore the options of when would be best time to refinance.

We are here to explore your refinancing options with you.

We will look for a mortgage product that better suits your current financial needs.

We will present you with several options to ensure you are getting best product to meet your needs.

If you can relate to any one of these 5 reasons to refinance, let's chat today, and review your mortgage financing needs.

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