Find out if now is the right time to refinance! You may be able to reduce your
monthly payments or reduce the life of your loan; by getting a lower interest
rate or a new loan term. You may also be able to save even more if you use your
refinancing to pay off credit card debt or other installment-type loans. That's
because interest on your mortgage is tax-deductible, and the interest on other
loans is not.
Some key reasons to consider refinancing:
- Get a lower-rate mortgage
- Convert an adjustable rate mortgage to a fixed rate mortgage
- Consolidate a first and second mortgage into one lower rate mortgage
- Get cash for family needs and expenses
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