Is It Time to Refinance? What Homeowners Need to Know
Posted by Rozi Dover on
Refinancing your mortgage can be a powerful tool to improve your financial situation, whether you want to lower your monthly payments, access home equity, or lock in a better interest rate. But how do you know if it’s the right time to refinance? In this blog, we’ll walk you through the refinancing process, explain when it makes sense, and highlight the benefits of refinancing for homeowners.
What Is Mortgage Refinancing?
Mortgage refinancing is the process of replacing your current home loan with a new one, typically with different terms. Homeowners often refinance to take advantage of lower interest rates, adjust the loan duration, or tap into the equity in their home. Refinancing can also help you consolidate debt or switch from an…
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