Refinancing Your Mortgage

Mortgage Refinancing - Should you refinance your existing loan?

There are many different reasons why, at some point, homeowners consider refinancing. The two most common are to lower the monthly payments or shorten the term of your home loan. In most cases, if your long-term financial situation improves as a result of either of these factors, it makes good sense.

A mortgage refinance option can benefit you in other circumstances as well. Need extra cash for a home improvement project or looking to consolidate your debt? If so, there are cash-out refinancing options for you. Something else to consider is whether to refinance your adjustable rate mortgage to a fixed interest rate.

Reasons to Consider a Refinance:

  • Fixed rate interest
  • Lower monthly payments
  • Obtain extra cash
  • Consolidate your debt
  • Shorten your mortgage

Together, you and Anchor Mortgage can evaluate your options and financial situation to determine the best opportunity for you.