What is refinancing?
Refinancing your mortgage means you are replacing your old mortgage with a new one with new terms. Those terms usually are interest rates, varying time periods, and new payment amounts.
Why would I need to do this?
If the market is looking better and interest rates are dropping, and your overall credit score is doing well, you may be able to lower your interest rate. You can also consolidate high-interest debt, move into a longer- or shorter-term loan, or cash out and be able to use it towards other things.
There is so much information regarding refinancing out there in the world. The best advice- seek someone with loan-focused work, such as banks or individual officers. You must take control of your finances and do what’s best for you. As always, being clear on your current financial status is always best before making any new changes. Using a system like Qube keeps you informed about your money and helps you save. Check it out here.
Write something about yourself. No need to be fancy, just an overview.