Refinance

Refinancing your mortgage allows you to pay off your existing mortgage and renegotiate your mortgage with new terms. You may consider to refinance your mortgage in order to take advantage of a lower interest rate, change your type of mortgage, or for other reasons. Sometimes refinancing can really save you money from the lower monthly payments. However, there are instances where refinancing can increase your existing debt and reduce your home equity. Before making an important decision, please contact our counselor to explore your options.