Refinancing Makes Sense When...
September 23, 2022 | Posted by: Keith Leighton
Refinancing Makes Sense When...
Thinking about refinancing your mortgage?
If you’ve been wondering if refinancing your mortgage is the right decision for you, you are not alone. Many homeowners are often unaware or unsure of when it may be financially beneficial to refinance. When considering if refinancing makes sense for you, there are three essential questions to consider:
- * Is this the right time for me to refinance?
- * Is my amount of home equity going to make it worthwhile?
- * Is this the right decision for my particular situation?
Finding the answer to these questions can be challenging, and often leaves homeowners feeling confused and unsure during the decision-making process. This is where an experienced mortgage broker from DLC Ideal Mortgage can help.
Refinancing makes sense when…
Refinancing makes sense when you have equity in a significant asset. You can shift that equity around to then pay off credit cards and loans which are often at higher interest rates, and finally get a payment plan for the remaining amount. This allows you to consolidate your debt, and at similar if not lower rates than your current mortgage. However, refinancing your mortgage can be complicated. There are some key factors to consider before refinancing, that’s where DLC Ideal Mortgage can help. Contact your DLC Ideal Mortgage expert today to find out if refinancing makes sense for you.
