Refinancing a mortgage with us can be beneficial in several ways:
Obtain a Lower Fixed Rate.
The interest on a fixed rate mortgage that you took several years ago may have dropped drastically – refinancing the existing mortgage will entitle you to available reduced interest rates.
Convert an Adjustable Rate Mortgage into a Fixed Rate Mortgage.
The interest rate on an adjustable rate mortgage (ARM) might start out low, but the fluctuations are unpredictable. Many people find this constant variation taxing, and prefer to refinance into a secure, fixed rate mortgage.
Consolidate Multiple Mortgages Into One.
Paying installments for two or more mortgages at the same time can be quite a burden. To make things easier, many people opt to consolidate their multiple mortgages into one, with a fixed monthly interest rate and a longer repayment duration. We can make this process painless.
Pay Off Other Debts.
The proceeds from your refinanced mortgage can be used to pay off credit card bills and other expenses (or maybe that trip to Hawaii you’ve been planning).
Make Cash Provisions for Emergency Situations.
Depending on your home equity, you can refinance your existing mortgage to free a larger amount of cash. Since a mortgage is a secured loan, the interest applied is considerably lower than that of an unsecured loan.
Because who couldn’t use some extra cash?