There are many reasons to consider refinancing your home.
- Lower your rate from Higher Bank Rates to Lower Broker Rates.
- Consolidate other debt or 2nd mortgages into One Low Monthly Payment.
- Finance Renovations to your Home.
- Borrow to Invest.
- Finance children’s education or a vacation.
You can refinance up to 80% of the value of your home.
Here is an example of how a mortgage refinance can save you money even with no change to your rate: (although most often we lower your rate too!)