If you need access to additional funds, using the equity in your home can be a lower cost way to borrow the money than taking out a traditional loan.
You can use your home equity to:
- Renovate your home
- Buy an additional property
- Invest in stocks
- Buy a car or boat
Another common reason for refinancing a mortgage is to consolidate debt such as, higher interest credit card balances and loans. By consolidating these debts into your mortgage at a lower interest rate, you can save money and have all your debt in one place. Plus, there are pre-payment options that gives you the flexibility to pay off your loan more quickly.
Contact us today to assist with refinance at the best available rate.